Expectations of gains for the CenturyLink password

NEW YORK (AP) - Profit in the second quarter of the telephone company CenturyLink Inc. fell 78% as it had to strike out more than expected value of Qwest, which he bought in April.In another wrinkle to the acquisition of $ 12.2 billion, the company has lost more than subscribers to broadband in the areas of Qwest acquiredsomething that never happened when Qwest was an independent company.Qwest had telephone customers in 14 Western States and was based at Denver.CenturyLink Inc. said Wednesday that its net income dropped to 102 million dollars, or 17 cents per share, for the three months ended June 30. This is down from 238 million, or 79 cents per share, a year ago.CenturyLink, which is based in Monroe (Louisiana), said that a preliminary assessment of the fair value of assets of Qwest resulted in $ 200 million more in depreciation that he had planned, reducing earnings of 20 cents per share.Excluding those and other charges, CenturyLink, said its revenues were 64 cents per share, 3 cents lower than analysts surveyed by FactSet had expected.Income increased to 4.41 billion to $ 1.77 billion last year, due to the acquisition of Qwest. Analysts expected $ 3.88 billion.CenturyLink and Qwest combined income in the second quarter of last year, revenue was decreased by 4.9% on the continuous loss of telephone lines.After the approval, CenturyLink is the third phone company of the country by the number of rows, with 15 million across 37 States .centurylink shares fell $1.73, or 4.7%, to $35.20 late morning trading. Earlier, they hit a 52-week low of $34.10.CenturyLink added 12 200 broadband subscribers in the quarter, compared with 37 000 companies combined in the quarter of last year.CenturyLink updated its forecasts for the year to include the acquisition of $ 2.5 billion of data centre operator Savvis Inc. , two weeks ago and the fair value of the estimates for Qwest assets. It reduced its earnings forecast from a previous range of $2.55 to 2.65 per share to $ 1.60 to $ 1.70 per share. Analysts had expected $2.71 per share.The company also raised its revenue forecast to $ 300 million to a range of $ 15.4 billion $ 15.2 billion. Analysts expect 15.47 billion.