Windstream shares slip as 3Q results miss Street

AP News
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Posted: Nov 09, 2009 2:36 PM

Shares of Windstream Corp. slid Monday after the telephone and broadband services provider reported third-quarter results below analyst expectations.

The company earned $80 million, or 18 cents per share, down 24 percent from $106 million, or 24 cents per share, recorded in the same quarter a year ago.

Revenue fell 8 percent to $734 million.

On average, analysts polled by Thomson Reuters expected profit of 21 cents per share of on revenue of $747 million.

Windstream's total number of landline customers fell 5.2 percent to 2.93 million. The company said that was its smallest decline since it was formed in 2006.

Windstream shares slipped 24 cents, or 2.3 percent, to $10.04 in afternoon trading.