EarthLink Holdings Corp. (ELNK) Releases Earnings Results, Beats Expectations By $0.01 EPS

EarthLink Holdings Corp. (ELNK) reported quarterly earnings results on Monday, Aug-8-2016. The company said it had a profit of $0.04 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.03. The company posted revenue of $240.36 million in the period, compared to analysts expectations of $246.35 million. The company’s revenue was down -15.3% 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 $6.83 and hit $7 on the upside on Friday, eventually ending the session at $6.98, with a gain of 3.41% or 0.23 points. The heightened volatility saw the trading volume jump to 6,33,707 shares. Company has a market cap of $734 M.

Investors should note that on Jul 27, 2016, EarthLink Holdings Corp. announced a cash dividend of $0.0500. The company’s management has announced Sep 16, 2016 as the ex-dividend date and fixed the record date on Sep 20, 2016. The payable date has been fixed on Oct 4, 2016.

In a different news, on May 27, 2016, R Michael Thurston (Principal Accounting Officer) sold 15,234 shares at $6.51 per share price. According to the SEC, on Mar 9, 2016, John T Dobbins (EVP, Network Operations) sold 41,540 shares at $5.92 per share price. On Nov 12, 2015, David Koretz (director) sold 15,000 shares at $9.38 per share price, according to the Form-4 filing with the securities and exchange commission.

EarthLink Holdings Corp.

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