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EarthLink (ELNK) Beats Estimates, Raises Outlook

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EarthLink ELNK Beats Estimates, Raises Outlook

EarthLink, Inc. (Nasdaq: ELNK) released financial results on Tuesday morning that beat Wall Street estimates.

EarthLink, Inc. reported that its 1st quarter net income fell to $26.7 million, or 25 cents per share, down from $32.5 million, or 30 cents per share, a year earlier.

EarthLink's revenue also dropped, falling 21% to $157.3 million.

According to a poll of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 20 cents per share, on revenue of $155.9 million.

Despite falling revenue and earnings, EarthLink increased its quarterly dividend and raised its full year earnings forecast to a range of $84 million to $92 million, up from the previous forecast of $75 million to $85 million.

Shares of EarthLink were up 4% at $9.08 during late morning trading.

 

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Posted-In: Thomson ReutersEarnings News Guidance Dividends Markets Movers

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