Verizon Profit Up 3.9 Percent
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The company earned $1.07 billion in the fourth quarter, helped by steady but moderate growth in its core operations.
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Wireless communications service provider Nextel Communications Inc. on Friday posted 69 percent growth in third-quarter earnings based on demand across its business sectors, and raised its outlook for 2004.
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ADC Telecommunications Inc.  posted a sharp increase in quarterly profit on Wednesday, beating expectations, and gave a forecast that topped current estimates, sending shares 3 percent higher.
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Nextel Communications Inc., the wireless telephone service provider, reported a 69 percent increase in profits in the third quarter, thanks to continued customer growth as well as a one-time tax benefit, and boosted guidance for the year.
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Nokia&#39;s net profit jumped in the third quarter as the company made up for the falling average selling price of its phones by shipping more of them, the company said Thursday.For the three months ending Sept. 30, net profit increased 85 percent over the third quarter of 2006, to &#8364;1.6 billion ($2.3 billion). Net sales rose 28 percent to &#8364;12.9 billion. Earnings per share rose 90 percent to &#8364;0.40.The company shipped 112 million units, 26 percent more than in the same period a year before. Nokia estimates it holds a 39 percent share of the mobile market.The ASP (average selling price) of mobile phones, however, has fallen from &#8364;90 to &#8364;82, Nokia said. The company said it expects the ASP to continue to decline but volume demand to increase through the end of this year and next.The most dramatic change came from Nokia&#39;s Enterprise Solutions business unit, which includes security appliances and software as well its E Series phones, which are aimed at business users. Operating profit for the unit was &#8364;88 million compared to a &#8364;65 million loss in the third quarter of 2006. Nokia attributed the rise to strong sales of its E65 model.Nokia Siemens Networks reported a 120 percent operating profit decline, which Nokia said was due to restructuring costs and other one-time items. The division, launched in April, is a combination of Nokia Networks and Siemens&#39; carrier-related operations for fixed and mobile networks. Nokia said it has identified &#8364;500 million in savings in combining the two entities that will be realized at the end of 2008.However, sales for Nokia Siemens Networks increased 7 percent over the second quarter of this year, which was the first quarter Nokia reported results for the division.
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Verizon (VZ:NYSE - news - research) Thursday posted a solid quarter as its wireless operation continues to pick up steam. For its third quarter ended Sept.
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Verizon's revenue was up 5.5 percent year over year in the fourth quarter of 2007, and net income was up slightly.
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Motorola Inc  on Thursday posted a small third quarter profit from continuing operations and forecast another profit for the current quarter even as revenue fell from a year ago.
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SEOUL LG Electronics, South Korea&#39;s second-largest electronics maker, on Tuesday reported a 36 percent rise in third-quarter profit from a year earlier, better than expected, after selling a record number of mobile phones.
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Verizon Communications , the  nation's biggest telephone company, on Tuesday reported  better-than-expected quarterly operating earnings on strong  growth in its wireless business.
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Verizon Communications Inc  said  on Monday that quarterly revenue rose due to strong wireless  and Internet subscriber growth, although profit fell after  merger-related costs and other items.
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Verizon Communications Inc. VZ.N,  the nation's largest telecommunications company, on Thursday  posted a quarterly profit on asset sales and strong demand at  its Verizon Wireless unit.
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Nextel Communications Inc. (NXTL.O: Quote, Profile, Research) , the sixth largest US mobile company on Friday said its third-quarter profit rose amid strong customer growth.
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U.S. phone company Qwest Communications International Inc  on Tuesday reported an 89 percent rise in fourth-quarter profit, boosted by a benefit related to income tax.
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Motorola Inc., the world's No. 2 maker of cell phones, on Tuesday said its quarterly profit more than tripled, as sales rose 26 percent, driven in part by a host of new handset models and cost controls.
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Nextel Communications, the nation&#39;s fifth-largest wireless provider, said yesterday that its profit jumped 69 percent in the third quarter from the period last year.
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Verizon Wireless, a venture of Verizon  Communications VZ.N and Vodafone Group Plc VOD.L, said on  Thursday operating profit and revenue rose on strong subscriber  growth in the fourth quarter.