AT&T Wireless Posts Lower Profit
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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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Top telecommunications service  provider AT&T Inc.  on Tuesday said its profit and revenue  grew on an adjusted basis, helped by strong growth in its  wireless business.
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BellSouth Corp. , the No. 3 U.S. telecommunications company, on Tuesday said its fourth-quarter operating earnings fell due to lower profits from its stake in Cingular Wireless and higher costs in its wireline telephone business.
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Ericsson, the world's leading mobile networks maker, reported sharply lower results Thursday, in line with last week's profit warning that shocked investors, but said the market could touch bottom by early 2008.
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Raytheon reported slightly lower third-quarter profit yesterday, hurt by losses from a unit it is selling, and forecast next yearâs profit would fall below Wall Streetâs average estimate.
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Mobile service provider Cingular Wireless, which is buying AT&T Wireless Services  Inc. , said on Wednesday its third-quarter operating profit fell as its costs rose.
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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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AT&T Corp. on Thursday reported a net loss of $7.1 billion, or $8.95 per share, for the third quarter of 2004, but that loss included asset re-evaluation and other charges of $12.5 billion.
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AT&amp;T Corp. (TN: Quote, Profile, Research) will cut about 7,000 jobs and reduce the value of its assets by $11.4 billion due to its retreat from traditional consumer telephone services, the company said on Thursday.
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AT&T Inc  on Thursday posted stronger-than-expected wireless growth in the fourth quarter and reiterated its 2008 outlook, easing investor concerns that U.S. economic weakness would hurt its profit.
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Embarq Corporation, the wireline spinoff from Sprint Nextel, posted a lower quarterly profit on Thursday as it lost phone line customers.
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Infineon&#39;s net profit fell to $54.6 million in the fourth quarter from $63 million in the third quarter of last year. The net result came up short of analyst forecasts of $169 million.
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Western Wireless Corp., an operator of wireless services, on Monday said it swung a third-quarter profit but missed Wall Street expectations after taking hefty charges during the period.
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Top U.S. telecommunications service provider AT&T Inc.  on Tuesday reported a rise in quarterly profit and revenue, helped by growth in wireless and Internet subscribers.
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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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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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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