Windstream: Revenue up, profit down

Little Rock, Ark.-based independent telco Windstream Communications reported third-quarter revenue that was about 7% increase to $823 million from the same quarter last year, mostly due to broadband growth and the market expansion that came from the company's recent acquisition of North Carolina-based CT Communications.

Windstream also reported net income down a whopping 40% from the same quarter in 2006, but hold on: The company reported a one-time tax gain in the third-quarter 2006 that amounted to about $100 million income for that quarter, so the Q3 2007 drop to $118 million isn't all that bad.

For more:
- ArkansasBusiness.com has coverage

Related articles:
- Windstream recently partnered with TiVo

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