Drexel Hamilton Downgrades Earthlink (ELNK) to Hold

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EarthLink Reports Strong Third Quarter 2016 Results Including Third Consecutive Quarter of Positive Net Income

November 7, 2016 7:04 AM EST

Results Feature Strong Financial Performance and Successful Launch of SD-WAN Solution

Announces $1.1 Billion Merger Agreement with Windstream

Revenue of $235.1 million Net income of $0.2 million Adjusted EBITDA of $50.5 million Net cash provided by operating activities of $47.5 million Unlevered Free Cash Flow of $30.2 million Ending cash balance of $59.0 million Redeemed and repurchased $90.4 million of outstanding 8.875% debt

ATLANTA, Nov. 07, 2016 (GLOBE NEWSWIRE) -- EarthLink... More