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Actionable news in LVLT: LEVEL 3 COMMUNICATIONS INC,

CenturyLink Shares Gets Hit Again as Q2 Results Fail to Impress

Shares of yield favorite CenturyLink (CTL) were falling Thursday after it lowered forward revenue guidance and reported second quarter results that missed some analyst expectations after the close Wednesday.

Shares of the wireline telecom company were trading at $22.03 at 10:30 a.m. ET, a 7% decline. The yield is 9.8%.

Investors have high hopes that its pending merger with Level 3 Communications (LVLT) will lift its results. But Level 3, also reported mixed results Wednesday afternoon and its shares were falling as well (down 4%). Level 3 didn't alter its forward guidance, but that may...


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