More than two years after closing its $10 billion buyout of Qwest, telecom CenturyLink has been struggling to boost sales and earnings.
CenturyLink (CTL), which offers voice and data services in the U.S. and some overseas markets, went into a tailspin in February after the company slashed its dividend.
In the third quarter, CenturyLink booked a $1.1 billion charge on slower-than-expected growth in its data housing business.
CenturyLink is expected to report a full-year profit of $2.68 per share in 2013. That would be up just a penny from last year.
And earnings are expected to decline over the next three years, according to FactSet. --B.R.
