Qwest reported today that it posted net income of $117 million, or 6 cents a share, during the second quarter. The Denver-based phone company had a net loss of $164 million, or 9 cents a share, in the second quarter of 2005.
Qwest reported revenue of $3.5 billion for the second quarter, citing improved sales in high-speed Internet, advanced data products, long distance and wireless.
Analysts polled by Thomson Financial expected the company to post earnings of 5 cents a share.
“We are very pleased that we’ve entered the second half of the year with the momentum of two profitable quarters,” said Richard Notebaert, Qwest chairman and CEO, in a statement.
Qwest posted profits of $88 million, or 5 cents a share, in the first quarter.
