Stock Close Up: Qwest From Most Active List
Here's a closer look at one of the newest stocks on the contest most active list--Qwest. Let's start with what the company does. It's a provider of voice, data and video services. The company operates most of its business within its local service area, which consists of the 14-state region of Arizona, Colorado, Idaho, Iowa, Minnesota, Montana, Nebraska, New Mexico, North Dakota, Oregon, South Dakota, Utah, Washington and Wyoming.
Contest holders of the stock were banking on a good earnings report--and they got it. Qwest Communications said Tuesday (today) its first-quarter profit nearly tripled--despite lower revenue as it cut expenses while demand grew for Internet and data services. The stock is up about 2.36% from Monday.
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