EarthLink Inc. (ELNK) reported that its third-quarter net income decreased to $29.867 million or $0.28 per share from $51.895 million or $0.46 per share last year.
Income from continuing operations decreased to $29.867 million from $52.576 million last year. Earnings per share from continuing operations were $0.28 compared to $0.47 last year.
On average, 5 analysts polled by Thomson Reuters expected the company to report profit of $0.25 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues decreased to $174.521 million from $230.831 million a year ago. Analysts expected revenue of $174.42 million for the quarter.
EarthLink now expects to generate income from continuing operations of $110 million-$115 million for full year 2009.
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