Key Developments: EarthLink Inc (ELNK.OQ)
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Latest Key Developments (Source: Significant Developments)
Earthlink Inc Lowers FY 2013 Revenue And Net Income Guidance; Lowers High End Of Prior FY 2013 EBITDA Guidance To A Range In Line With Analysts' Estimates
Earthlink Inc announced revised revenue and adjusted EBITDA guidance for fiscal 2013. Management now expects revenue of $1.245 billion to $1.250 billion for fiscal 2013. This revenue guidance reflects an approximate $10 million full year impact for the reclassification of Systems revenue into Discontinued Operations. Management now expects adjusted EBITDA of $214 million to $225 million; and net loss of $283 million to $288 million for fiscal 2013. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $1.253 billion, EBITDA of $221 million and net income of $(263) million for fiscal 2013. Full Article
Earthlink Inc Declares Quarterly Dividend of $0.05 per Share
Earthlink Inc announced that the Board of Directors declared a quarterly cash dividend on its common stock in the amount of $0.05 per share to be paid on September 13, 2013 to shareholders of record on August 30, 2013. Full Article
Ideal Software Systems Selects Earthlink Inc's Hosted Voice To Enhance Customer Service And Improve Employee Productivity
Earthlink Inc announced that Ideal Software Systems, Inc., a Mississippi-based developer of integrated hardware and software systems and e-commerce solutions for the family entertainment and financial industries, selected EarthLink Complete Hosted Voice for a fully-integrated Voice-over-IP system that enables the Company to better serve worldwide clientele with a more efficient operation. Full Article
Earthlink Inc Completes Acquisition of CenterBeam Inc
Earthlink Inc announced that it has completed the acquisition CenterBeam Inc, a privately-owned company with a 13-year track record of delivering secure cloud-based IT services, for a total consideration of $22 million. Full Article
Earthlink Inc Announces Agreement to Acquire CenterBeam Inc
Earthlink Inc announced an agreement to acquire CenterBeam Inc, a privately held information technology managed service provider with a 13-year track record of delivering cloud computing and hosted IT services, for a total consideration of $22 million. The transaction is expected to close early in the third quarter of 2013. Full Article
Earthlink Inc Raises FY 2013 Guidance
Earthlink Inc increased revenue and Adjusted EBITDA guidance for fiscal 2013. The Company now expects revenue of $1.255 to $1.268 billion; Adjusted EBITDA of $214 million to $227 million; and net loss of $(276) million to $(282) million for fiscal 2013. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $1.239 billion, EBITDA of $215 million and net income of $(39) million for fiscal 2013. Full Article
Earthlink Inc Declares Quarterly Dividend of $0.05 per Share
Earthlink Inc announced that its Board of Directors has declared a quarterly cash dividend on its common stock in the amount of $0.05 per share to be paid on June 21, 2013 to shareholders of record on June 7, 2013. Full Article
Global Capacity and Earthlink Inc Announce New Bilateral Wholesale Services Agreement
Global Capacity, telecommunications information and logistics company, announces a new wholesale buy and sell agreement with EarthLink Inc leveraging bilateral interconnects to Global Capacity's One Marketplace in New York City, Chicago and Atlanta Points of Presence (PoPs), EarthLink now has the ability to procure off-net services, giving it greater network reach. From EarthLink, Global Capacity gains additional access network, further differentiating the company's ability to provide automated connectivity solutions via its One Marketplace. Full Article
Earthlink Inc Issues FY 2013 Guidance Below Analysts' Estimates
Earthlink Inc announced that for fiscal 2013, it expects revenue of $1.250 to $1.265 billion, EBITDA of $210 million to $225 million; and net loss of $(45) million to $(40) million. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $1.283 billion, EBITDA of $249 million and net income of $(17) million for fiscal 2013. Full Article
Earthlink Inc Declares Quarterly Dividend Of $0.05 Per Share
Earthlink Inc announced that its Board of Directors has declared a quarterly cash dividend on its common stock in the amount of $0.05 per share to be paid on April 5, 2013 to shareholders of record on March 22, 2013. Full Article

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