US communications firm Qwest Communications International said today the company continues to see strong demand for its services and still expects to meet its 2001 revenue and earnings targets.
The Denver-based company said it expects second-quarter revenues to increase by about 12 to 13 per cent over the second quarter of 2001. Revenue for the full year will be about $21.3 billion and $21.7 billion.
The company also said this year's earnings will be about $8.5 billion to $8.7 billion.
Qwest said it continues to build market share in its key growth segments despite the current weak US economy.
Shares of Qwest slipped more than nine per cent yesterday to close at $29.82 on the New York Stock Exchange, very near its 52-week low of $29.60. The stock's year high is $66.87.