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EarthLink Inc. (NASDAQ:ELNK) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 11.08%.
EarthLink Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $0.0 in the quarter versus EPS of $0.04 in the year-earlier quarter.
Revenue: Decreased 5.32% to $331.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: EarthLink Inc. reported adjusted EPS loss of $0.0 per share. By that measure, the company beat the mean analyst estimate of $-0.03. It beat the average revenue estimate of $328.4 million.
Quoting Management:“We continue to accelerate our transformation to a nationwide provider of IT services. To capitalize on the growing demand in this rapidly emerging marketplace, we are also continuing the process of optimizing the cost structure in our traditional telecom services, while aggressively investing in our IT services, MPLS and hosted voice growth businesses,” said EarthLink Chairman and Chief Executive Officer Rolla P. Huff. “EarthLink’s go-to-market approach is evolving to put additional focus on larger strategic markets that align with our cloud services and network infrastructure, as well as on customers with the highest propensity to find value in our deep portfolio of IT services.”
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