XO Holdings, Inc. (XOHO - XO Communications) Message Board

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Technology Stocks : XO Holdings, Inc. (XOHO - XO Communications)

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From: FJB	11/15/2010 5:28:10 PM
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(Marketwire - 11/15/10) - XO Holdings, Inc. (OTC.BB:XOHO - News) today announced its third quarter 2010 financial and operational results. Total revenue for the third quarter of 2010 was $385.7 million, an increase of $3.7 million, or 1%, compared to the year-ago period. Adjusted EBITDA was $60.8 million in the third quarter of 2010, an increase of $16.7 million, or 38%, compared to the year-ago period. Net income in the third quarter of 2010 was $12.4 million, a decrease of $6.6 million, or 35% compared to net income of $19.0 million in the third quarter of 2009. The company's net income for the third quarter of 2009 principally resulted from gains from the sale of marketable securities of approximately $16.3 million. "Our strong year-over-year EBITDA expansion and continued revenue growth within our core Broadband offerings this quarter underscore that our long-term business plan is working," said Carl Grivner, chief executive officer of XO Holdings. "We remain focused on executing upon this strategy in the future."

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