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EarthLink, Inc. announces financial results for its first quarter ended March 31, 2008
April 24, 2008
1 Min Read
ATLANTA -- EarthLink, Inc. (Nasdaq: ELNK) today announced financial results for its first quarter ended March 31, 2008. Highlights for the quarter include:
Income from continuing operations of $57.8 million, or $0.52 per share
Net income of $54.4 million, or $0.49 per share
Adjusted EBITDA (a non-GAAP measure) of $82.1 million
Free cash flow (a non-GAAP measure) of $81.7 million
Increased full year adjusted EBITDA (a non-GAAP measure) guidance to $245 million - $260 million
"Clearly, we are very pleased with our first quarter results. Our performance in the quarter is a testament to the hard work and dedication of our employees who put our commitments to customers and shareholders above everything else," said Rolla P. Huff, EarthLink's chairman and chief executive officer. "As a result of the stability we are seeing in the churn rates of our tenured customers, as well as our better than expected expense optimization across every part of the company, we are increasing our guidance for full year Adjusted EBITDA, free cash flow and income from continuing operations," continued Huff.
EarthLink Inc. (Nasdaq: ELNK)
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