SAN FRANCISCO ( TheStreet) -- EarthLink ( ELNK) stock shot to the moon on Tuesday after posting a smaller-than-expected quarterly loss while Priceline ( PCLN) and Sprint ( S) fell after reporting disappointing results.
EarthLink reported before the bell on Tuesday a net loss of 11 cents a share on revenue of $308.6 million, well below the 17 cents a share loss on revenue of $292.1 million that Wall Street had expected, according to analysts surveyed by Thomson Reuters.
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That performance drove the Atlanta-based managed network and cloud services provider up 16.5% to close at $4.09.
"We've made significant improvements to our operations throughout the year, and those improvements are reflected in our third quarter financial results," Joseph Eazor, EarthLink CEO, said in a statement. "At the beginning of the year, we committed to becoming operationally excellent. We have more progress to make, but we've made significant strides in improving our processes and in delivering more cash flow in all areas of our company."
Priceline fell 8.4% to $1,097.70 after the online discount travel site posted third-quarter results and issued fourth-quarter guidance below analysts' expectations. Priceline, based in Norwalk, Conn., reported $20.03 a share, excluding one-time items, on revenue of $2.84 billion. Analysts had been expecting $21.11 a share on revenue of $2.83 billion, according to Thomson Reuters.
For the fourth quarter, Priceline expects earnings of $9.40 to $10.10 a share on revenue of about $1.82 billion. Analysts had been expecting $10.74 per share on revenue of $1.88 billion, according to analysts surveyed by Thomson Reuters.
A copy of the earnings call transcript can shed more light for investors who want to delve further into the company's finances.
The company attributed its weaker than anticipated fourth quarter forecast to strong economic headwinds blowing out of Europe.