The Association of U S West Retirees



Qwest reports 3rd straight profit
By Andy Vuong, Staff Writer
Denver Post
Tuesday, October 31, 2006

Qwest said today that it posted a third quarter profit of $194 million, or 10 cents per share, compared with a loss of $144 million, or 8 cents per share, in the third quarter of 2005.

It is the Denver-based phone company's third straight quarterly profit.

"We are very pleased that Qwest continues to gain momentum with its third quarter of sequential improvement in earnings per share," said Richard C. Notebaert, Qwest chairman and CEO.

Qwest reported revenue of $3.5 billion for the third quarter. The results included a tax-sharing settlement of $94 million and a $43 million severance charge.