Qwest's 4th Quarter Loss Widens
Denver, CO – Qwest Communications says its operating revenues rose for the third consecutive three-month period, but officials say the company's fourth-quarter losses still widened dramatically. Qwest says it lost 528 (M) million dollars from October through the end of December. That compares with a loss of 139 (M) million during the same period in 2004. The results amount to a loss of 28 cents a share. But Qwest says it would've broken even if not for one-time items like a 430-(M)-million-dollar loss on the early retirement of debt. That beat the expectations of analysts, who forecast a loss of five cents a share on revenue of three-point-49 (B) billion dollars. Qwest's revenue came in just shy of that figure, at three-point-48 (B) billion -- up from nearly three-point-44 (B)billion a year earlier.