EarthLink Inc. showed smaller-than-expected losses for its third quarter, pleasing investors who were bracing for a loss of 17 cents per share.
Instead, they got a net loss of 11 cents per share, on revenue of $297.7 million. Those revenue numbers were down from a year ago, however – EarthLink showed $308.6 million in revenue in the third quarter of 2013. But the service provider ate away at its losses, which totaled $2 million, a hefty leap over the $11.3 million loss in the year-ago period.
On the business services side, where channel partners focus, revenue was down 1.5 percent compared to the third quarter of 2013. Still, the results were better than 2014’s second quarter, when EarthLink recorded a 3.7 percent revenue decline.
“We’ve made significant improvements to our operations throughout the year, and those improvements are reflected in our third-quarter financial results,” Joseph Eazor, who took over as EarthLink’s CEO and president in early 2014, said late Tuesday. “At the beginning of the year, we committed to becoming operationally excellent. We have more progress to make, but we’ve made significant strides in improving our processes and in delivering more cash flow in all areas of our company.”