Windstream (WIN) Tops Q2 EPS by 36c, Revenues In-Line

Windstream (NASDAQ: WIN) reported Q2 EPS of ($2.30), $0.36 better than the analyst estimate of ($2.66). Revenue for the quarter came in at $1.44 billion versus the consensus estimate of $1.44 billion.

“Our Consumer segment delivered a successful quarter, adding 2,300 broadband subscribers,” said Tony Thomas, president and chief executive officer. “This continued an upward trend that we have experienced for the past several quarters and was driven by both strong sales and lower churn. It demonstrates that our network investments are paying off and enables us to say with confidence that we expect to grow our consumer broadband base in 2018.

“Our Enterprise segment continues to see improved results as our focus on SD-WAN, Unified Communications as a Service and on-net sales have driven improving revenue trends and margins. Windstream is now the largest SD-WAN provider in the country with more than 1,000 customers in over 12,000 locations nationwide. Sales of strategic products accelerated to over 50 percent of Enterprise sales for the quarter.

“Reflecting these strong segment results, Windstream delivered sequential and year-over-year growth in Adjusted OIBDAR that came on the back of both improved revenue trends and lower cash costs,” Thomas said.

For earnings history and earnings-related data on Windstream (WIN) click here.

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