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COMPANY RESULT: LCI INTERNATIONAL

LCI International, McLean,Virginia long distance telecom provider, reported net income up 34% at $20.5m, on revenue up 26% at $314.7m. Earnings per share grew 33% to $0.24 for the quarter, one penny better than the First Call consensus. LCI began investing in its local phone service in the first quarter, offering service to businesses on a resale basis in 18 markets.

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CBR Staff Writer

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