MONROE, La. (AP) _ CenturyLink Inc. (CTL) on Wednesday reported second-quarter net income of $377 million.

On a per-share basis, the Monroe, Louisiana-based company said it had profit of 35 cents. Earnings, adjusted for non-recurring costs, came to 42 cents per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 32 cents per share.

The communications company posted revenue of $5.19 billion in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $5.14 billion.

CenturyLink shares have fallen 26% since the beginning of the year, while the Standard & Poor's 500 index has increased 3%. In the final minutes of trading on Wednesday, shares hit $9.84, a fall of 17% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CTL at https://www.zacks.com/ap/CTL

Automated Insights, source Associated Press News