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News > Companies
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MCI, WorldCom 3Q EPS fall
graphic October 25, 2001: 8:30 a.m. ET

MCI long-distance unit misses target while data and Internet group hits mark.
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NEW YORK (CNNmoney) - WorldCom Inc. announced earnings in line with expectations Thursday at WorldCom Group, its data, Internet and commercial business unit, but lower profits missed forecasts for its MCI consumer long-distance service.

The telecom company, which has separate tracking stocks for the two units, posted earnings for WorldCom Group of $460 million, or 16 cents a share. That met the forecasts of analysts surveyed by earnings tracker First Call, but was down from the $780 million, or 27 cents a share, a year earlier.

The MCI unit's net income totaled $33 million, or 28 cents a share, well below the First Call forecast of 41 cents. The unit earned $49 million, or 42 cents a share, in the second quarter, when it was created with its own stock. It earned $560 million a year earlier.

Revenue at WorldCom Group rose to $5.5 billion from $4.9 billion a year earlier, but was below the First Call forecast of $5.6 billion. MCI revenue fell to $3.5 billion from $4.2 billion.

Shares of WorldCom (WCOM: Research, Estimates) lost 14 cents to close Wednesday at $12.45, while shares of MCI (MCIT: Research, Estimates) lost 90 cents to $11.60. graphic





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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.

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