CenturyLink (CTL), formerly CenturyTel Inc, announced third-quarter 2009 results with adjusted (excluding non-recurring items or non-GAAP) earnings per share of 90 cents beating the Zacks Consensus Estimate of 81 cents. Non-recurring items includes integration costs associated with the Embarq acquisition (completed on Jul 1, 2009).  Adjusted net income surged to $269.1 million from $82.8 million registered in the year-ago quarter, driven by the contributions from Embarq. Reported net income (GAAP) of $280.8 million or 94 cents per share, reflects an increase from $84.7 million or 83 cents per share registered a year ago.  Revenue: The company reported operating revenue of $1.87 billion, a significant increase compared to $650 million reported a year ago, fuelled by the Embarq acquisition which contributed $1.3 billion in the quarter. Revenues for voice, network access and data services increased compared to the year-ago quarter.  Subscriber Total access lines at the ...

CenturyLink (CTL), formerly CenturyTel Inc, announced results for the second quarter today with adjusted (excluding non-recurring items or non-GAAP) earnings per share of $0.83, beating the Zacks Consensus Estimate of $0.81. Reported earnings per share (GAAP) of $0.68 reflect a decline from $0.88 in the corresponding quarter of 2008.   The company reported operating revenue of $634.5 million, down 3.4% year over year as growth in data revenue was more than offset by declines in voice and network access revenue. Net income (excluding non-recurring items) decreased to $83.3 million from $91.2 million (down 8.6%) in the second quarter of 2008.   On GAAP basis, net income decreased to $69 million from $92.2 million (down 25%) a year-ago due to integration cost of $22.5 million related to the recent acquisition of Embarq Corporation.   Voice revenue declined 5.6% year over year to $207.6 million while data revenue increased 9.1%

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