Editorial Standards

Latest News Today maintains rigorous editorial standards. Our team verifies information from trusted sources and provides context to help readers understand complex stories.

Last Updated: Thursday, October 1, 2026 at 07:52 PM
Category: Id

Editor's Note

Latest News Today provides comprehensive coverage and analysis of breaking news stories. This article is part of our ongoing coverage of wbna27433105, bringing you verified information from trusted sources with added context and expert perspective.

Why This Matters: Understanding the full context of this story helps readers make informed decisions and stay updated on developments that impact our community.

Qwest’s profit drops, will cut 1,200 jobs

Qwest Communications International says its third-quarter profit fell 93 percent and it plans to cut 1,200 jobs, or slightly more than 3 percent of its work force.

Qwest Communications International says its third-quarter profit fell 93 percent and it plans to cut 1,200 jobs, or slightly more than 3 percent of its work force.

The Denver-based phone company said Wednesday it earned $151 million, or 9 cents per share, in the three months ended Sept. 30. That’s down from $2.06 billion, or $1.08 per share, a year ago. The 2007 results were boosted by a tax benefit.

It says its revenue fell 2 percent to $3.38 billion.

Analysts polled by Thomson Reuters had expected the company to earn 10 cents per share on $3.33 billion in revenue. Analyst estimates typically exclude one-time items.