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Update: WorldCom Meets Estimates
Updated from 3:44 p.m. EDT
WorldCom (WCOM Quote) reported earnings that matched Wall Street's expectations Thursday, excluding charges that the company will take after a failed attempt to merge with long-distance telephone rival Sprint (FON Quote).
WorldCom said it may spin off some of its voice carriage services into separate companies in an effort to concentrate its efforts to market to commercial customers. Company officials noted that yearly revenue growth of 20% in commercial sales far outstripped the 1% growth the company produced in consumer sales.
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