The ELNK stock price fell radically this morning despite a Reuters News financial report issued at 8:58am on October 23, 2001.
Subject: UPDATE 1 - EarthLink Q3 loss narrows, revenues up.
For some reason, this very important release, was never posted under ELNK. However, it was under AOL...as a related issue.
For those of you that want to know reality, the bottom line is that EarthLink reduced losses "to $22.7 million, or 17 cents a share from $41.3 million, or 33 cents a share, a year earlier." That was achieved by a 45% reduction in costs, increased revenues, and changes in marketing strategy...a positive direction for the company. |
