Leap Wireless Restates Results for Last 3 Years
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The operator of the Cricket and Jump pay-as-you-go mobile phone services restated more than three years of its financial results.
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AT&T Inc., the nation's largest telecommunications company, earned $3.1 billion during the fourth quarter on gains in its wireless business and growth in its broadband Internet sales, the company reported Thursday.
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Verizon Communications Inc. VZ.N,  the largest U.S. telecommunications company, on Thursday  reported third-quarter earnings virtually unchanged from the  year before as wireless and high-speed Internet sales offset  losses from local phone lines.
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Texas Instruments Inc., the world's largest maker of chips used in cellular phones, expects third-quarter earnings to come in on the higher end of a range it had previously forecast.
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Growth is returning to the global wireless giant.
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World&#39;s top maker of chips used in cell phones lowers sales target but raises earnings guidance. NEW YORK (CNN/Money) - Texas Instruments cut its sales forecast for the third quarter Tuesday but raised its
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The owner of several Denver-area radio stations, and other properties in 63 countries worldwide, says third-quarter earnings dropped 59 percent from last year -- but still beat analysts&#39; expectations.
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The chip maker Texas Instruments revised its third-quarter forecast, saying it expected earnings of 49 cents to 53 cents a share on revenue of $3.56 billion to $3.72 billion.
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NEW YORK  - AT&T Wireless Services Inc.  said on Tuesday its third-quarter profit declined as customers spent less per month, offsetting a rise in net new customers.
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(InfoWorld) - Lenovo GroupÂ on Thursday reported a jump in third-quarter profits, even as its turnover during the period remained flat compared to one year ago. Lenovo reported a profit attributable to shareholders of $57.7 million on sales of $4 billion during its fiscal third quarter, which ended on Dec. 31, 2006. That's a 23 percent increase in profits compared to the same period during the previous fiscal year, whenÂ Lenovo reported a profitÂ of $46.8 million on sales of $4 billion, the company said in a filing with the Hong Kong stock exchange. On a sequential basis, the results show good news for Lenovo. The company saw its profit fall by 53 percent during the first half of its fiscal year -- from $91.2 million to $43.1 million -- compared to the year-ago period. Lenovo's PC shipments during the quarter increased 8 percent over the previous year, outpacing the industry average, which the company pegged at 7 percent, the filing said. As usual,Â China was a strong marketÂ for Lenovo, with PC shipments up 19 percent. The company also saw shipments rise by 3 percent in Europe, the Middle East and Africa. But Lenovo's PC shipments slipped 4 percent in North and South America due to weaker demand from large companies. Shipments fell by 1 percent in the Asia-Pacific region, excluding China, Hong Kong and Taiwan. Around 52 percent of Lenovo's revenue came from notebook PCs, as unit shipments rose 20 percent over the previous year, Lenovo said in a press statement. Desktop shipments rose 2 percent, contributing 43 percent of the company's total revenue. The remainder of Lenovo's revenue came from the sale of mobile phones, which contributed 4 percent of revenue. Handset shipments fell by 6 percent compared to the previous year, Lenovo said.
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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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Leap Wireless International Inc  said  it restated some of its annual and quarterly financial  statements to correct errors related to the timing of  recognition of certain service revenue and determination of a  tax valuation allowance in the second quarter.
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The company Friday said it expected to post a profit in the third quarter, thanks to Improved pricing and product mix and higher unit volume, reversing a year-ago loss.
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AT&T Inc. earned $3.1 billion in the fourth quarter as its wireless and broadband businesses did well, a trend the nation's largest telecommunications company said would help it keep growing even in a sputtering economy.
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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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The company said fourth-quarter earnings fell from year-ago results that included a one-time gain. But adjusted profit exceeded expectations on Wall Street, driven by higher sales.
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Says that amount would have been earned for the first 9 months of 2004, before AT&amp;T purchase. LOS ANGELES,  - Cingular Wireless would have posted a net profit of $650 million for the first nine months