EarthLink beat analyst expectations for the first quarter of 2009 as fewer customers dumped its Internet service.
The company, which provides dial-up and broadband Internet service, said first quarter profits fell to $32.5 million, or 30 cents a share, from $51.7 million, or 47 cents a share, a year earlier. Revenue was down 24 percent to $199.1 million.
But these results beat analysts' expectations. Analysts polled by Reuters expected earnings of 27 cents a share, excluding exceptional items, on revenue of $202.4 million.
EarthLink is still losing dial-up Internet users. But it appears that rate is … Read more