CenturyLink Inc. (NYSE:CTL) stock down by 5.58%

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Dallas, Texas 08/09/2013 (Financialstrend) – CenturyLink Inc. (NYSE:CTL) announced its financial results for second-quarter 2013 where it reported profit of 59 cents to 64 cents a share on revenue of $4.5 billion to $4.55 billion, the profit is more than tripled due to the telecommunications company’s previous year results were damaged by the crash of a loss on the premature withdrawal of debt, while revenue cut down from a year ago. The company adjusted its full-year estimates, now seeing an adjusted profit of $2.63 to $2.73 a share on $18.05 billion to $18.2 billion in revenue, compared to the May view of $2.60 to $2.75 in per-share earnings on $18.1 billion to $18.3 billion in revenue. The estimation of profit was 65 cents and revenue was $4.52 billion by Thomson Reuter’s analysts.

CenturyLink reported a profit of $269 million, or 44 cents a share which is a increase from $74 million or 12 cents a share reported in the same period last year. Exclusive of retention, integration and severance force in both periods, adjusted profit increased from 65 cents to 69 cents a share.

CenturyLink Inc. (NYSE:CTL) had closed at $34.36 on Thursday, a decline of 5.58% in the share prices for the day. The stock had witnessed intraday prices moving from low value of $34.25 to high value of $35.33 per share. The company presently has 52 week low at $32.05 and 52 week high at $43.43 per share. CenturyLink Inc. (NYSE:CTL) presently has 609 million outstanding shares in the market with an institutional ownership of 75 percent of the total capital. The stock had witnessed the exchange of 16.53 million shares on Thursday, while on an average trading volume for CenturyLink Inc. (NYSE: CTL) is at 3.74 million shares per day and the market capitalisation is at 20.93 billion.

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