WorldCom

(WCOM)

Thursday posted first-quarter earnings that were in line with Wall Street estimates, as long-distance phone service revenue continued to plunge.

Excluding charges related to job cuts and foreign currency losses, earnings dropped 38% to $745 million, or 25 cents a share. Revenue rose to $9.7 billion from $9.6 billion a year ago.

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Revenue for the WorldCom group, which includes the fast-growing data business, jumped 12% to $6.1 billion, while MCI revenue fell to $3.6 billion from $4.2 billion a year ago.