After the bell on Wednesday, we received second-quarter results from communication services company CenturyLink (CTL). Over the past two years, the company has been working to improve its balance sheet and debt profile, all while trying to keep revenues from declining as much as possible. This week's results showed that things are going better than expected, which means the long-term story is still intact.
(Source: Company earnings slides, seen here)
For the quarter, revenues came in at $5.19 billion, down 3.5% year over year. However, that number was about $50 million