Message Font: Serif | Sans-Serif
UnThreaded | Threaded | Whole Thread (4) | Ignore Thread Prev | Next
Author: trend2value Big gold star, 5000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 4336  
Subject: Re: EarthLink's Heat Date: 4/21/2004 1:59 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
I am surprised by the fact that Earthlink has been able to add subscribers. There are roughly half a million People PC subscribers that have been added to offset losses by the premium priced dial-up service, while broadband numbers continue to increase. Although revenues are flat they have done a good job of cutting costs and total employee headcount has been slashed from 4,169 a year ago to 2,089 at the end of Q1 2004. The amortization costs from previous acquisitions have dropped sharply from $26.83 million a year ago to $7.84 in Q1 2004.

Excluding the facility exit costs of $30 million in Q1 Earthlink chalked up a profit of $18.4 million (0.11 EPS) and is projecting a profit of $21 - $27 million (0.15 EPS) in the second quarter. In Q4 of 2003 ELNK reported net income of $10.7 million (0.07 EPS). A pattern of increasing net income has been established after years of losses. It sure looks like ELNK is on the path to increasing profits although I'm not sure how much further costs can be cut...

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (4) | Ignore Thread Prev | Next


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.