EarthLink inc. (NASDAQ: ELNK) has posted results and frankly for a company that is an independent ISP these results aren’t all that bad. Income from operations was $22.6 million, or $0.19 EPS, on total revenues of $281.98 million. First Call had estimates at $0.15 EPS on $280.96 million in revenues. Net losses after items was listed as -$0.08 EPS.
EarthLink ended the year with $288.6 million in cash and marketable securities. The company has also repurchased some 10.1 million shares. The company trimmed its workforce by more than half from the year earlier to 998 employees.
SUBSCRIBERS:
Narrowband access consumer: 2.624 million
Broadband access consumer: 1.059 million
TOTAL consumer: 3.683 million
Narrowband access business: 27,000
Broadband access business: 66,000
Web Hosting: 100,000
For 2008 the company is guiding adjusted EBITDA of $230 to $250 million, net income of $140 to $155 million, and free cash flow of $$190 to $220 million.
Jon C. Ogg
February 7, 2008
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