Key Developments: CenturyLink Inc (CTL.N)

CTL.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

CenturyLink Inc gives Q1, FY 2014 guidance; EPS guidance below analysts' estimates
Wednesday, 12 Feb 2014 04:05pm EST 

CenturyLink Inc:Expects Q1 2014 operating revenues of $4.46 to $4.51 billion.Expects Q1 2014 core revenues of $4.07 to $4.12 billion.Expects Q1 2014 adjusted diluted EPS of $0.58 to $0.63.Expects FY 2014 operating revenues of $17.90 to $18.10 billion.Expects FY 2014 core revenues of $16.25 to 16.45 billion.Expects FY 2014 adjusted diluted EPS of $2.40 to $2.60.Q1 2014 revenue of $4.46 billion and EPS of $0.68 - Thomson Reuters I/B/E/S.FY 2014 revenue of $17.92 billion and EPS of $2.66 - Thomson Reuters I/B/E/S.  Full Article

CenturyLink Inc signs federal government sales agreement with Uplogix
Monday, 2 Dec 2013 09:00am EST 

CenturyLink Inc:Says it has signed an agreement authorizing it to sell the Uplogix management solution.It operates like an onsite virtual network technician, providing out-of-band and automated network management capabilities to federal government agencies.  Full Article

CenturyLink Inc Prices $750 Million Of Debt Securities
Thursday, 14 Nov 2013 06:59pm EST 

CenturyLink Inc announced that it has agreed to sell $750 million of newly-issued unsecured ten-year senior notes. The senior notes due 2023 were priced at par with a coupon rate of 6.75%. The closing of this offering is expected to occur on November 27, 2013. CenturyLink expects to use the net proceeds from this offering, together with available cash or borrowings under its revolving credit facility, to provide the total amount of funds required to: CenturyLink expects to use the net proceeds from this offering, together with available cash or borrowings under its revolving credit facility, to provide the total amount of funds required to: repurchase all $800 million aggregate principal amount of the 7.125% Notes due 2018 (the "2018 Notes") of CenturyLink's wholly owned subsidiary, Qwest Communications International Inc. ("Qwest Communications"), pursuant to either Qwest Communications' tender offer announced earlier today or Qwest Communications' proposed subsequent redemption of any of its 2018 Notes not purchased pursuant to the tender offer; and pay accrued interest payable on the 2018 Notes purchased under these transactions and all related fees and expenses. Wells Fargo Securities, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC and RBC Capital Markets, LLC are the joint book-running managers for this offering.  Full Article

CenturyLink Inc Issues Q4 2013 Guidance; EPS Guidance Below Analysts' Estimates
Wednesday, 6 Nov 2013 04:08pm EST 

CenturyLink Inc announced that for the fourth quarter of 2013, it expects operating revenue in the range of $4.50-$4.55 billion, core revenues in the range of $4.07 to $4.12 billion and adjusted diluted earnings per share (EPS) in the range of $0.55-$0.60. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $4.5 billion and EPS of $0.63 for the fourth quarter of 2013.  Full Article

CenturyLink Inc Wins FCC cloud contract
Thursday, 12 Sep 2013 09:00am EDT 

CenturyLink, Inc announced that it has recently won a cloud hosting contract from the Federal Communications Commission (FCC) that could be worth nearly $1.1 million over the next three years.  Full Article

CenturyLink Inc Declares Quarterly Cash Dividend
Tuesday, 27 Aug 2013 04:15pm EDT 

CenturyLink Inc announced that its Board of Directors voted to declare a quarterly cash dividend of $0.54 per share, payable on September 19, 2013, to shareholders of record on September 6, 2013.  Full Article

CenturyLink Inc Issues Q3 2013 Guidance; EPS Guidance Below Analysts' Estimates; Lowers FY 2013 Revenue Guidance; Narrows FY 2013 EPS Guidance To A Range Below Analysts' Estimates
Wednesday, 7 Aug 2013 04:05pm EDT 

CenturyLink Inc announced that for the third quarter of 2013, it expects operating revenue in the range of $4.50-$4.55 billion and adjusted diluted earnings per share (EPS) in the range of $0.59-$0.64. For fiscal 2013, it expects operating revenues in the range of $18.05-$18.20 billion and adjusted diluted EPS in the range of $2.63-$2.73. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $4.5 billion and EPS of $0.65 for the third quarter of 2013; revenue of $18.11 billion and EPS of $2.74 for fiscal 2013.  Full Article

Levi & Korsinsky Notifies Investors With Losses On Their Investment In Centurylink, Inc. Of Class Action Lawsuit And Deadline
Friday, 19 Jul 2013 01:17pm EDT 

Levi & Korsinsky announced that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of investors who purchased CenturyLink, Inc. stock between August 8, 2012 and February 14, 2013. The complaint alleges that defendants made materially false and misleading statements concerning the Company's dividend cut. In particular, it is alleged that CenturyLink misled investors regarding the strength of its free cash flow, which is a factor in the Company`s ability to maintain its dividend levels. It is further alleged that as a result of the Company's misleading statements, CenturyLink stock traded at an artificially inflated price.  Full Article

Pomerantz Law Firm Reminds Shareholders With Losses on Their Investment in CenturyLink Inc Of Class Action Lawsuit And Upcoming Deadline
Friday, 12 Jul 2013 07:11pm EDT 

Pomerantz Grossman Hufford Dahlstrom & Gross LLP announced that it has filed a class action lawsuit against CenturyLink Inc and certain of its officers. The class action, filed in United States District Court, Southern District of New York, and docketed under 13 CV 4453, is on behalf of a class consisting of all persons or entities who purchased or otherwise acquired securities of CenturyLink between August 8, 2012 and February 14, 2013 both dates inclusive (the Class Period). This class action seeks to recover damages against the Company and certain of its officers and directors as a result of alleged violations of the federal securities laws pursuant to Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. The Complaint alleges that throughout the Class Period,Defendants made materially false and misleading statements regarding the Company's business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: the Defendants falsely represented through multiple shareholder presentations, press releases, conference calls, and SEC filings that it was financially capable of maintaining its historical dividend payments. As a result of Defendants' materially false and misleading statements, CenturyLink common stock traded at artificially inflated prices during the Class Period, reaching an intraday high of $42.99 on September 6, 2012.  Full Article

Nicholas Koluncich III, LLC Announces Investigation Of CenturyLink, Inc.
Friday, 28 Jun 2013 09:30am EDT 

Nicholas Koluncich III, LLC announced that it is investigating possible breaches of fiduciary duty by the Board of Directors of CenturyLink, Inc. in February of 2013. CenturyLink's February 13, 2013 disclosure of reduced dividends, from $.725 to $.54 cents per share, as reported on Form 8K, filed with the SEC, prompted an immediate and pronounced decline in share price. CenturyLink shareholders bore the brunt of this and other adverse market disclosures, noted on the NYSE as a decline of over $5 per share. Shareholders seeking information about this issue are encouraged to contact The Law Offices of Nicholas Koluncich III, LLC immediately.  Full Article

RPT-Market Chatter- Corporate finance press digest

Sept 8 - The following corporate finance-related stories were reported by media:

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