EarthLink Holdings Corp. (ELNK) reported quarterly earnings results on Monday, May-2-2016. The company said it had a profit of $0.07 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.15. Analysts had a consensus of $-0.08. The company posted revenue of $254.30 million in the period, compared to analysts expectations of $246.73 million. The company’s revenue was down -10.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.10 EPS.
EarthLink Holdings Corp. opened for trading at $5.76 and hit $6.21 on the upside on Wednesday, eventually ending the session at $6.04, with a gain of 5.23% or 0.3 points. The heightened volatility saw the trading volume jump to 8,79,337 shares. Company has a market cap of $628 M.
In a different news, on Mar 9, 2016, John T Dobbins (EVP, Network Operations) sold 41,540 shares at $5.92 per share price. According to the SEC, on Nov 12, 2015, David Koretz (director) sold 15,000 shares at $9.38 per share price. On Sep 11, 2015, Rick C Froehlich (EVP, Chief Commercial Officer) sold 16,408 shares at $8.69 per share price, according to the Form-4 filing with the securities and exchange commission.