LITTLE ROCK, Ark. (AP) — Voice and data services provider Windstream Corp. said Wednesday that its first-quarter earnings plunged 68 percent mainly because of a charge to pay off debt.
The company earned $23.5 million, or 5 cents per share, in the quarter that ended March 31. This compares with $74.1 million, or 17 cents per share, in the first quarter of 2010.
If not for first-quarter charges, Windstream said it would have earned 19 cents per share. On that basis, the results fell a penny below the average estimate among analysts polled by FactSet.
Windstream said revenue rose 21 percent to $1.02 billion; Analysts were …
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