CenturyLink stock falls 7% after earnings show declining sales, profit

CenturyLink Inc. CTL, -1.82% shares dropped more than 7% in after-hours trading following an earnings report that showed sales and profit declining faster than expected. The telecommunications firm reported third-quarter profit of $272 million, or 25 cents a share, on sales of $5.82 billion, down from $6 billion a year ago. After adjustments for the recent Level 3 acquisition and […]

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Finisar stock trading at highest level since January after earnings

Shares of Finisar Corp. FNSR, +13.76% are up 10.8% in Friday’s session, and they’re currently trading at their highest levels since January. The optoelectronics company reported an earnings beat Thursday and delivered a higher-than-expected earnings outlook. Jefferies analyst George Notter wrote that he saw "positive changes from the company" on the cost-cutting front, including with plans to outsource some manufacturing […]

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SEC settled charges telecom service company executives with accounting fraud

The Securities and Exchange Commission charged Tangoe Inc., formerly a public telecommunications expense management company, and four of its executives for allegedly using fraudulent accounting practices to artificially boost company revenues. Tangoe Inc. allegedly improperly recognized approximately $40 million of revenue out of a total of $566 million reported between 2013 and 2015, according to the SEC complaint. Tangoe did […]

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