EarthLink trims quarterly loss but misses estimates
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Posted 6:28PM on Tuesday, January 22, 2002
ATLANTA - Helped by demand for high-speed Internet access, EarthLink Incorporated reported Tuesday that it reduced its fourth-quarter loss but the results still fell short of Wall Street forecasts. <br>
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EarthLink said it lost $73.9 million in the fourth quarter, or 55 cents a share, down from the $105.5 million loss, or 87 cents per share, in the same period of 2000. <br>
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Not counting merger and acquisition costs, EarthLink lost $19.5 million, or 13 cents per share, in the last three months of 2001. The consensus of analysts surveyed by Thomson Financial/First Call was for an 11 cent-per-share loss. <br>
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For the year, EarthLink lost $341.1 million, slightly better than its $345.9 million loss in 2000.
