Industry News
| Idearc Reports Strong Earnings and Cash Flow
Quarterly Dividend Declared DALLAS, TX - February 8, 2007 - (NYSE:IAR), publisher of the Verizon Yellow Pages and provider of SuperPages.com (www.superpages.com), today announced that its strong cash flow will fund a quarterly dividend for shareholders. The company also announced 2006 financial results consistent with expectations. Idearc's industry-leading business model, recurring revenue streams and strong cash flow enable the company to provide a solid cash return to shareholders, service debt and be opportunistic in evaluating investment opportunities. Key Idearc Accomplishments: -- Completes successful spin-off from Verizon -- Fourth-quarter and year-end results reflect continued improvement in published revenue -- Reiterates guidance for 2007 "This is an ...... |
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