EarthLink Profit Falls To $5.3 Million (ELNK)

Atlanta, Georgia-based EarthLink, Inc. ELNK released financial results on Tuesday morning. EarthLink, Inc announced that its 4th quarter net income of $5.3 million, or 5 cents per share, down from $193.27 million, or $1.79 per share, a year earlier. Excluding acquisition-related costs, the company reported earnings of 19 cents per share. EarthLink, Inc reported revenue of $166.79 million, up from $164.55 million a year earlier. According to a poll of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 17 cents per share, on revenue of $144.78 million. Chairman and Chief Executive Officer Rolla P. Huff said, "These results are indicative of the long-term thought process and diligent approach with which EarthLink operates its business. We believe this business discipline and operational rigor will allow us to create value for our shareholders and position us to continue to invest in the future of EarthLink as an IP managed services company with a path for growth." EarthLink, Inc. (ELNK) finished the previous trading day at $8.40 per share. The consensus price target of analysts covering the company's stock is $12.56 per share. EarthLink, Inc is a leading provider of Internet Protocol (IP) infrastructure and services to medium-sized and large businesses, enterprise organizations and over 1.5 million consumers across the United States. Read more from Benzinga's Company news.