DENVER (AP) — Qwest Communications International is reporting a drop in third-quarter profit as customers continue to give up traditional landline telephones.
The telecommunications company based in Denver also said it expects full-year earnings before interest, taxes, depreciation and amortization to hit the top end of its previous forecast.
Qwest said Wednesday it earned $136 million, or 8 cents per share, in the three months ended Sept. 30. That's down from $145 million, or 8 cents per share, a year ago.
It says revenue fell 10 percent to $3.05 billion.
Analysts polled by Thomson Reuters had expected earnings of 7 cents per share on $3.07 billion in revenue.
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