Jun 19, 2001 : Qwest Reaffirms Positive Outlook
📅 - Broadband Internet communications company Qwest Communications International Inc. (qwest.com 👉 Total Reviews: 1
🙌 Average Rating: 1 / 10
👍 Good Reviews: 0
👎 Bad Reviews: 1
👈 Official Responses: 0 -> lumen.com) said on Tuesday that it is continuing to see a strong demand for its services, and that the company still expects to meet its 2001 targets for revenue and earnings.
Qwest says it expects that revenue will increase by about 12 or 13 percent over the second quarter of 2000, and that its revenue for 2001 will be between approximately $21.3 billion and $21.7 billion. The company also said its earnings before revenue, interest, taxes, depreciation and amortization for 2001 will be from about $8.5 billion to $8.7 billion.
According to Qwest, the company continues to increase its market share in its key growth segments, despite the weakening economy, and that businesses continue to look to Qwest to provide reliable communication solutions.
?Despite some softening in the general economy, we believe that demand for communications services is stronger than what others have reported,? says Joseph P. Nacchio, Qwest chairman and CEO. ?Qwest is unique, as it competes as both a local exchange company and a long-distance carrier. This gives us diverse product lines to meet our growth targets in this economy.?
Qwest's shares dropped more than nine percent on Monday, closing at $29.82 on the New York Stock Exchange, close to its 52-week low of $29.60. The stock's year high is $66.87.
🙌 Average Rating: 1 / 10
👍 Good Reviews: 0
👎 Bad Reviews: 1
👈 Official Responses: 0 -> lumen.com) said on Tuesday that it is continuing to see a strong demand for its services, and that the company still expects to meet its 2001 targets for revenue and earnings.
Qwest says it expects that revenue will increase by about 12 or 13 percent over the second quarter of 2000, and that its revenue for 2001 will be between approximately $21.3 billion and $21.7 billion. The company also said its earnings before revenue, interest, taxes, depreciation and amortization for 2001 will be from about $8.5 billion to $8.7 billion.
According to Qwest, the company continues to increase its market share in its key growth segments, despite the weakening economy, and that businesses continue to look to Qwest to provide reliable communication solutions.
?Despite some softening in the general economy, we believe that demand for communications services is stronger than what others have reported,? says Joseph P. Nacchio, Qwest chairman and CEO. ?Qwest is unique, as it competes as both a local exchange company and a long-distance carrier. This gives us diverse product lines to meet our growth targets in this economy.?
Qwest's shares dropped more than nine percent on Monday, closing at $29.82 on the New York Stock Exchange, close to its 52-week low of $29.60. The stock's year high is $66.87.
URL source: http://www.thewhir.com/marketwatch/qwest619.cfm
Company: qwest [qwest.com -> lumen.com]
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