AT&T profit up on strong wireless sales
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Top U.S. phone company AT&T Inc  posted a 41.5 percent rise in quarterly net profit on Tuesday, as Apple Inc's  iPhone helped boost wireless subscriber growth above market expectations.
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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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com. AT&amp;T Wireless announced a drop in sales and profits, as it moved closer to its planned acquisition by Cingular Wireless. The firm earned $117 million on revenues of $4.
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Verizon Communications  said on Monday its quarterly profit rose and its wireless customer additions were ahead of analyst estimates.
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Despite a dip in profits, growing revenues from wireless subscribers pushed overall profits above forecasts.
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AT&T  posted a higher quarterly profit as strength in its wireless business offset weakness in traditional consumer services.
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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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Net income increase 41%, revenue nearly doubles AT&amp;T posted a 41 per cent profit increase in the third quarter, largely attributed to iPhone sales.â¦
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Nokia said Thursday its third-quarter revenue and profits would be better than expected, citing an increase in mobile phone sales. The news pushed its shares up nearly 6.5 percent in trading.
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Qualcomm Inc  posted a  quarterly profit that rose 24 percent on Wednesday, handily  beating Wall Street estimates on strong demand for high-end  mobile phones using its chips and technology licenses.
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AT&T Corp., the No. 4 U.S. telephone company, said on Thursday its fourth-quarter earnings increased as it cut costs by slashing jobs and from a benefit related to a prior writedown of assets.
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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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AT&amp;T&#160;reported net income of $3.1 billion for the third quarter of 2007, up from $2.2 billion a year earlier, largely due to its&#160;acquisition of BellSouth.
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Tyco Electronics reported a higher quarterly profit Wednesday, helped by a tax benefit and strong demand from telecommunications customers.
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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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Apple posted a higher quarterly profit today, boosted by strong sales of its iPod digital music player and notebook computers.