Earnings: Idearc Revs Slide 1.7 Percent On Print Weakness; Internet Up 19 Percent

Directory publisher Idearc announced Q4 revenues of $787 million, down 1.7 percent from $801 million in the prior year’s quarter. Net income fell 6.5 percent to $100 million ($.68 per share) from $107 million ($.73 per share). While the core print business fell 3.5 percent to $711 million, the online business grew 19 percent to $75 million, which is about 9.5 percent of the total business. On a sequential basis, the internet division grew 8.7 percent. The online business includes Superpages.com, which was acquired from Infospace early in the quarter.

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