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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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Market indexes 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. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.
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