Embarq reports record income

30 Apr 2008

US wireline operator Embarq has announced record operating income, cash flow and earnings per share in the second quarter as it continues a push to improve efficiency. Operating income was up 17% at USD434 million, though revenues fell by 1.1% to USD1.57 billion. Diluted earnings per share jumped 31% year-on-year to reach USD1.38, while cash flow climbed 14% to USD286 million. Net income was up 32.5% at USD212 million. The number of access lines in service fell 7.3% y-o-y to 6.19 million. The company added 63,000 high speed internet subscribers in the three months to the end of March, bringing the total to 1.34 million. ‘Improving efficiency continues to be one of our key focus areas and that was certainly evident in our earnings and cash flow results this quarter,’ said Embarq’s CEO, Tom Gerke.

United States