3rd straight profit
By Andy Vuong, Staff Writer
Tuesday, October 31, 2006
Qwest said today that it posted a third quarter profit of $194
million, or 10 cents per share, compared with a loss of $144
million, or 8 cents per share, in the third quarter of 2005.
It is the Denver-based phone company's third straight quarterly
"We are very pleased that Qwest continues to gain momentum with its
third quarter of sequential improvement in earnings per share," said
Richard C. Notebaert, Qwest chairman and CEO.
Qwest reported revenue of $3.5 billion for the third quarter. The
results included a tax-sharing settlement of $94 million and a $43
million severance charge.