EXHIBIT 11
CENTURY TELEPHONE ENTERPRISES, INC.
COMPUTATIONS OF EARNINGS PER SHARE
(UNAUDITED)
Three months Six months
ended June 30, ended June 30,
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1998 1997 1998 1997
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(Dollars, except per share amounts,
and shares expressed in thousands)
Net income $ 64,191 83,176 121,88 116,311
Dividends applicable to
preferred stock (102) (127) (204) (255)
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Net income applicable to
common stock 64,089 83,049 121,681 116,056
Dividends applicable to
preferred stock 102 127 204 255
Interest on convertible
securities, net of taxes 93 120 186 240
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Net income as adjusted for
purposes of computing diluted
earnings per share $ 64,284 83,296 122,071 116,551
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Weighted average number of shares:
Outstanding during period 91,656 90,158 91,509 90,074
Employee Stock Ownership
Plan shares not committed
to be released (375) (438) (385) (447)
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Number of shares for computing basic
earnings per share 91,281 89,720 91,124 89,627
Incremental common shares
attributable to additional
dilutive effect of convertible
securities 2,071 1,491 2,010 1,506
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Number of shares as adjusted for
purposes of computing diluted
earnings per share 93,352 91,211 93,134 91,133
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Basic earnings per share $ .70 .93 1.34 1.29
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Diluted earnings per share $ .69 .91 1.31 1.28
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