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Snyder's-Lance up in Q3; CenturyLink, Windstream off the mark

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Three companies with significant midstate operations reported third-quarter earnings at the end of the day Wednesday or this morning.

North Carolina-based snack food maker Snyder’s-Lance Inc. reported net income, excluding special items, of $22.4 million, or 32 cents per diluted share, compared with $19.2 million, or 28 cents per diluted share in the same quarter a year ago.

Total net income was $22.9 million, or 33 cents per diluted share, compared to $17.8 million, or 26 cents per diluted share, for the third quarter of 2012.

Snyder’s-Lance also declared a quarterly cash dividend of 16 cents per share of the company’s common stock. That dividend is payable on Nov. 29 to stockholders of record at the close of business on Nov. 19.

Shares of Snyder’s-Lance, a formation of North Carolina-based Lance Inc. and York County-based Snyder’s of Hanover, are traded on the Nasdaq under the ticker symbol LNCE.

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CenturyLink Inc., the third largest communications company in the U.S. with regional headquarters in Cumberland County, reported a net loss of $1.05 billion, or $1.76 per diluted share.

In the third quarter of 2012, the company reported $270 million net income, or 43 cents per diluted share.

The loss reflects a $1.1 billion noncash goodwill impairment charge against CenturyLink’s data-hosting business.

Excluding the charge and other one-time items, CenturyLink reported earnings of $211 million, or 35 cents per share, compared to $237 million, or 38 cents, in the same quarter a year ago.

The company, which just announced local layoffs of about 60 people, trades its shares on the New York Stock Exchange under the ticker symbol CTL.

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Arkansas-based telecom company Windstream Corp., which in 2009 acquired Ephrata-based D&E Communications, posted net income of $30.6 million, or 5 cents per diluted share, compared to $46.8 million, or 8 cents per diluted share, in the third quarter of 2012.

The company’s business service revenue was $916 million in the third quarter, an increase of $10 million or 1 percent year over year, according to Windstream. Consumer broadband service revenue was $119 million, up 4 percent from the same period in 2012, driven by increased sales of broadband features and faster speeds.

Windstream trades its shares on the Nasdaq under the ticker symbol WIN.

Jason Scott

Jason Scott

Jason Scott covers state government, real estate and construction, media and marketing, and Dauphin County. Have a tip or question for him? Email him at jasons@cpbj.com. Follow him on Twitter, @JScottJournal. Circle Jason Scott on .

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