Internet service provider EarthLink has turned the corner.
On Tuesday, the company reported profits of $54.7 million, or $0.49 per share, for the third quarter of 2008, compared to a net loss of $79.4 million, or $0.65 per share, during the same quarter a year ago.
The company's revenues were actually down about 22.5 percent, compared to last year. It brought in only $230.8 million, compared to revenue of $298 million in the third quarter of 2007.
EarthLink's financial turnaround comes as a result of massive cost-cutting. The company sold off and … Read more