Nextel&#39;s Profit Rose by 69% in 3rd Quarter
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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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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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Motorola (MOT) said Tuesday that its quarterly profit rose on improving sales of a host of new handset models. The world&#39;s No.
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Third-quarter profit for Research in Motion more than doubled on strong demand for its BlackBerry smart phones and related services by consumers and businesses.
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Sprint Nextel Corp  on Wednesday  posted a higher fourth-quarter profit as revenue rose despite  weak customer growth.
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The companyâs third-quarter profit beat expectations, lifted by an extra week of holiday shopping and sales of video game consoles and GPS devices.
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Nextel Communications Inc., the No. 1 seller of push-to-talk mobile phones, said third-quarter profit rose 69 percent as customer turnover dropped and the company added clients to its youth-aimed Boost mobile service.
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McDonald&#39;s Corp., the world&#39;s largest restaurant chain, said third-quarter profit rose to about 61 cents a share, beating analysts&#39; estimates, on higher sales in the US and a lower tax rate.
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Sprint Nextel Corp., the nation's third largest wireless carrier, said Wednesday that fourth-quarter profits rose 33 percent on stronger revenue, but the company continued to lose high-quality subscribers.
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Storage maker EMC&#39;s profit increased dramatically compared to last year&#39;s third quarter, lifted again by continued growth of its VMware subsidiary and EMC&#39;s recent sale of a slice of the company.
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The Intel Corporation, the largest semiconductor maker, reported on Tuesday that its profit for the third quarter rose 15 percent from a year earlier, though it
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Verizon Communications Inc   reported a better-than-expected quarterly profit on Monday  driven by strong wireless subscriber growth, though analysts  were unimpressed by its Internet subscription sales.
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The company said third-quarter profit rose more than expected, boosted by higher aircraft deliveries, but it scaled back next yearâs forecast due to delays on its 787 Dreamliner.
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SANTA CLARA, Calif.âDriven by demand for flash-memory chips used in cellphones, Intel Corp.&#39;s third-quarter profits rose as the chip-making giant struggled to overcome lacklustre PC sales, growing inventory, product missteps and stiff competition.
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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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The Kellogg Company said yesterday that third-quarter profit rose 6.8 percent, topping analysts&#39; estimates by a penny a share, on sales of new cereals and snacks with reduced carbohydrates and sugar.
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Verizon Communications Inc  said  on Monday its quarterly revenue rose due to strong wireless  subscriber growth, although profit fell after merger-related  costs and other items.