Web, video gains help push Qwest past estimates
Qwest Communications reported today a higher second-quarter profit than Wall Street had expected as the carrier benefited from a round of cost-cutting and gains in its broadband and video units. The company posted earnings of $212 million, compared with $180 million a year earlier. Overall, company revenue declined 8.6% in the quarter, but broadband and video services grew 7% and 18%, respectively.
Bloomberg | 07/29
This story published in USTelecom dailyLead on 07/29/2009
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