Business

Windstream's earnings fall

Windstream Communications, Lexington's local telephone provider, announced first-quarter earnings on Friday.

Revenue fell to $755 million from $800 million in the same period a year ago. Net income was $88.2 million, down from $123.7 million. Earnings per share were 20 cents, down from 27 cents.

Earnings per share were dragged down 4 cents by various one-time items including $4 million in after-tax expenses related to ice storm damage. The company, which is Lexington's local phone provider, added 31,000 high-speed Internet customers during the quarter, raising its total to more than 1 million. It lost about 44,000 phone lines, though, down 5.3 percent year-over-year. Total lines at the end of the quarter were 2.99 million.

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