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CenturyLink's Earnings Steal the Show

Company executives discussed the results on a call with analysts after the bell on Wednesday. Matthew Dolgin, a Morningstar analyst, noted the revised guidance “provides reassurance that the firm is reaping the benefits from the Level 3 acquisition.” CenturyLink bought Level 3 Communications last November in a cash and stock deal valued at about $34 billion, according to FactSet. “As our results demonstrate, we remain committed to and confident in our ability to maintain the dividend,” says CenturyLink CEO Jeff Storey.