Get the latest updates as we post them — right on your browser

. Last Updated: 07/27/2016

MCI Earnings Triple

JACKSON, Mississippi -- MCI WorldCom reported that fourth-quarter earnings nearly tripled those of a year earlier, beating Wall Street analysts' predictions largely on the strength of its data, Internet and international operations.

The No. 2 long-distance company in the United States said Thursday it earned $1.2 billion, or 42 cents per share, compared with earnings of $442 million, or 23 cents per share, in the same period of 1998.

The big increase was due in part to strong revenue gains and declining network access costs. MCI said it was also focusing on the fastest-growing areas of communications services, including the Internet.