Earthlink Boosts Full-Year Guidance; Stock Rallies

Earthlink (ELNK) shares are on the rise this morning after the company posted better-than-expected Q2 profits and raised its full-year guidance.

The provider of dial-up Internet access services posted Q2 revenue of $245.6 million, right in line with the Street. But profits of 48 cents a share beat the Street consensus of 36 cents by 12 cents. The company said it finished the quarter with $441.6 million in cash, up $121.6 million from one quarter earlier.

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