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Technology / AI and automation

COMPANY RESULT: LCI INTERNATIONAL INC

LCI International Inc, McLean, Virginia long-distance telecom carrier has reported third-quarter net income up 13% at $22.6m on revenue up 26% at $364.8m. Nine-month net grew 28% to $64.5m on revenue up 25.8% at $1.02bn. Earnings per share rose 13% to $0.26 for the quarter – meeting Wall Street expectations, and 21.3% to $0.74 for the nine months. During the quarter, LCI agreed to purchase USLD Communications Corp, a $240m telecom company based in San Diego, to continue the expansion of its fiber optic network from coast to coast (CI No 3,250). It also purchased fiber routes from Cleveland to New York and from Washington to Dallas.

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CBR Staff Writer

CBR Online legacy content.