MCI Communications reported a 52% earnings decline for the second quarter ended June 30.
Washington-based MCI, AT&T's closest rival in long-distance service, said its earnings would have fallen a more modest 14% except for a one-time gain in the year-earlier quarter. MCI received a $30-million payment in the 1985 quarter as the cash portion of the settlement of an antitrust lawsuit against Bell Atlantic.
MCI said it earned $16.4 million, compared to $34.3 million a year earlier. Spokesman Gary Tobin said the year-earlier earnings would have been $19.1 million without the after-tax gain from the payment from Bell Atlantic, the Philadelphia-based Bell operating company.
MCI's revenue rose 57% to $942.5 million from $601.2 million a year earlier. The latest figures include combined results of MCI and Satellite Business Systems, the former long-distance arm of IBM that MCI acquired Feb. 28.