This Week
  • IV4 Inc. has managed to grow steadily over the years.

  • Michael Gioja is guiding information technology advances at Paychex Inc.

  • $6.8 million redevelopment project aims to help create unique neighborhood.

  • Shaina Sidoti's firm makes nutritious dishes that have helped her heal.

  • Changes to New York's estate tax have reduced the cost of dying here.

  • Area exporters starting 2014 with a sense of momentum.

EarthLink posts bigger loss, dip in revenues

Rochester Business Journal
August 1, 2013

Shares of EarthLink Inc. stock dropped more than 6 percent at midday Thursday after the company reports its second-quarter loss grew and overall revenues declined.

The Atlanta-based company, which has some 450 workers in Rochester, reported a net loss of $11.2 million, or 11 cents a share, compared with a net loss of $1.1 million, or a penny a share, in the second quarter of 2012. 

The company posted a net loss from continuing operations of $10.9 million, or 11 cents a share, in the quarter compared with a loss of $607,000, or a penny a share, a year ago.

Analysts had expected the company to post a loss of 6 cents a share, Thomson Reuters reported. The Street expected revenues of $314.76 million.

EarthLink’s total revenue in the quarter was $313.4 million, compared with $334.5 million a year ago. Business services revenues accounted for 78 percent of the company’s total revenue in the quarter, amounting to $243.3 million, down from $253.8 million a year ago.
 
“We continued to see increased demand in the marketplace for our growth products. Our sales force delivered significantly higher productivity, higher sales in aggregate, a richer mix of growth products and materially higher average revenue per sale,” Chairman and CEO Rolla Huff said in a statement. 

The company is in the process of transitioning from an Internet service provider to a provider of information technology services such as data storage and network infrastructure.

The telecommunications and information technology service provider’s stock (Nasdaq: ELNK) was trading at $5.85 at 2 p.m. Thursday, down from Wednesday’s close of $6.27.

(c) 2013 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email service@rbj.net.


What You're Saying 

There are no comments yet. Be the first to add yours!

Post Your Own Comment

 
Username:
Password:

Not registered? Sign up now!
 

To Do   Text Size
Post CommentPost A Comment eMail Size1
View CommentsView All Comments PrintPrint Size2
ReprintsReprints Size3
  • E-mailed
  • Commented
  • Viewed
RBJ   Google