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Investing

EarthLink Manages Costs To Beat Earnings (ELNK)

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By Douglas A. McIntyre Published
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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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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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