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Last week, we received first quarter earnings results from communication services company CenturyLink (CTL). Over the past year, the company has been on a mission to significantly improve its financial flexibility while still paying a very strong dividend to investors. The company has continued making progress on several fronts, and the Q1 results show management's plan is working.
For the quarter, CenturyLink reported revenues of $5.228 billion. This number was down about $200 million year over year, and it missed street estimates by a similar amount. However, as the graphic below shows, the