Costs Rise, Profit Falls at Cingular
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Mobile service provider Cingular  Wireless, which is buying AT&T Wireless Services  Inc. AWE.N,  said on Wednesday its third-quarter operating profit fell as  its costs rose.
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Wireless technology company Qualcomm Inc. reported a larger fourth-quarter profit on Wednesday despite changing the way it accounts for royalties on licenses of its technology.
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Virgin Mobile Holdings PLC reported an 18 percent surge in revenue but lower net profits for the half year Thursday as the costs of its listing on the London Stock Exchange this summer hurt the bottom line.
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Sprint Nextel's profit rose in the fourth quarter of 2006, but the Reston wireless company continued to lose high-paying customers, executives said yesterday.
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BellSouth Corp. BLS.N on Monday  said third-quarter earnings fell due to storm damage in its  region and costs stemming from Cingular Wireless' planned $41  billion purchase of AT&T Wireless Services Inc. AWE.N.
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Qualcomm Inc. on Friday raised its quarterly profit forecast due to strong demand for its mobile phone technology. The San Diego company said it expects earnings per
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Texas Instruments Inc. , the largest maker of chips for cellular phones, on Monday said quarterly profit rose about 26 percent on demand from handset makers even as it struggles with a nagging inventory problem.
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Verizon Communications Inc.   reported better-than-expected quarterly earnings on Tuesday due  to strong growth in its mobile business, but shares fell as it  dashed investors' hopes that it may soon gain full ownership of  its Verizon Wireless joint venture.
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Texas Instruments Inc posted a 10  percent rise in quarterly profit on Monday, but gave a  disappointing revenue forecast due to the loss of some business  at customer Ericsson, sending its shares down as much as 4  percent.
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Motorola Inc  on Thursday posted a quarterly profit from continuing operations in the third quarter but revenue fell.
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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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Cingular Wireless, the mobile venture of SBC Communications Inc.  and BellSouth Corp. , said on Monday revenue rose in the fourth quarter on strong subscriber growth.
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LOS ANGELES, Feb. 21  /PRNewswire/ -- Cingular Wireless, the nation's largest wireless carrier and now part of the new AT&T, invested almost $1.3 billion -- or the equivalent of $1.8 million every day for two years -- upgrading and expanding service in Greater Los Angeles since 2005.
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Strong wireless and Internet subscriber growth pushed revenue up at the phone company, but profit fell after merger-related costs and other items.
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Cingular Wireless LLC, the nation's largest mobile phone provider, said it lost &#36;497 million in the fourth quarter as it completed its &#36;41 billion purchase of AT&amp;T Wireless Services Inc. It also said it ended 2004 with 49.1 million customers, an increase of 1.8 million in the period.
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The electronics giant reports a fall in profits at the same time as rivals Matsushita and Canon see their profits increase.
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The contract electronics manufacturer posted a 90 percent drop in quarterly net profit, but earnings excluding special charges were higher than expected.