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