Windstream Reports Q1

LITTLE ROCK, Ark. -- Windstream Corporation (NYSE: WIN) delivered a strong financial performance in the first quarter, posting higher revenue and operating cash flow. The company also repurchased approximately 8.4 million shares for $100 million during the quarter as part of a $400 million share repurchase plan authorized by the board of directors in February.

“Windstream continues to deliver strong operating and financial results in a challenging economic environment that, to date, does not appear to be having much effect on our business,” said Jeff Gardner, president and CEO. “We are successfully replacing residential voice revenue streams with growth in data, special access and long-distance. Our business channel is showing growth year-over-year, and our team continues to manage expenses and capital expenditures efficiently.”

Windstream Communications Inc. (Nasdaq: WIN)