EarthLink reports fourth quarter loss
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Posted 11:45AM on Wednesday 29th January 2003 ( 22 years ago )
ATLANTA - A day after announcing it was trimming its work force by 25 percent, EarthLink is reporting Wednesday it lost $36.9 million in the fourth quarter. <br>
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The results were worse than Wall Street expectations. <br>
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The loss, for the period ending December 31, is equivalent to 24 cents a share. That's compared to a loss of $80.1 million, or 55 cents a share, for the same period a year ago. <br>
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Revenue for Atlanta-based EarthLink was $347 million, compared to $327.2 million in the same three-month period a year ago. <br>
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The poor earnings news comes amid significant job cuts at EarthLink. <br>
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Tuesday, EarthLink said it will trim 1,300 jobs from its work force of 5,100 to consolidate office space and deal with increasing competition. The cuts are focused on the company's call center facilities in Dallas; Sacramento, California; and Seattle.
http://accesswdun.com/article/2003/1/184731
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