EarthLink (ELNK) Releases Quarterly Earnings Results
EarthLink (NASDAQ:ELNK) released its earnings data on Monday. The company reported ($0.11) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.20) by $0.09, AnalystRatingsNetwork reports. The company had revenue of $313.40 million for the quarter, compared to the consensus estimate of $292.42 million.
On a related note, analysts at Oppenheimer upgraded shares of EarthLink from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 15th.
Shares of EarthLink (NASDAQ:ELNK) traded up 1.83% during mid-day trading on Monday, hitting $3.89. 1,600,905 shares of the company’s stock traded hands. EarthLink has a 1-year low of $3.13 and a 1-year high of $5.63. The stock’s 50-day moving average is $3.65 and its 200-day moving average is $3.78. The company’s market cap is $398.2 million.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, October 2nd. Shareholders of record on Thursday, September 18th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 5.14%. The ex-dividend date is Tuesday, September 16th.
EarthLink, Inc (NASDAQ:ELNK), is a network, communications and information technology (IT) services provider to business and residential customers in the United States.
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