UPDATE: Windstream Posts Downbeat Q2 Earnings

Windstream (NASDAQ: WIN ) reported a 22% drop in its second-quarter earnings. Windstream's quarterly profit fell to $39.7 million, or $0.06 per share, from $51 million, or $0.09 per share, in the year-ago period. Its revenue dropped 1.8% to $1.51 billion. However, analysts were expecting earnings of $0.09 per