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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Wireless technology and chip  supplier Qualcomm Inc  on Wednesday posted a higher  profit for its fiscal first quarter as revenue rose on strong  demand for its mobile phone chips.
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AT&T Corp., the No. 4 U.S. telephone  company, said on Thursday its fourth-quarter earnings increased  due to cost-cutting through job cuts and a tax benefit from the  writedown of its assets.
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Motorola Inc.  on Tuesday said quarterly earnings rose 34 percent, beating Wall Street expectations, as it regained global market share in wireless handsets amid robust sales of its most advanced phones.
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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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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.AT&amp;T nearly doubled its revenue from a year ago, going from $15.6 billion to $30.1 billion, but those 2006 numbers don&#39;t factor in the BellSouth acquisition and revenue from Cingular Wireless, which AT&amp;T and BellSouth co-owned. The BellSouth deal closed Dec. 29, 2006.AT&amp;T&#39;s revenue was up 3.2 percent from the combined revenue from AT&amp;T, BellSouth, and Cingular in the third quarter of 2006. Comparable earnings per share were $0.50 compared to $0.56 the third quarter of 2006.AT&amp;T&#39;s adjusted third-quarter earnings, which exclude costs and accounting effects associated with the acquisition, were $4.3 billion, or $0.71 per diluted share, up from $2.4 billion, or $0.63 per diluted share, in the third quarter of 2006.AT&amp;T&#39;s third-quarter results were &quot;excellent,&quot; Randall Stephenson, AT&amp;T chairman and CEO, said in a statement. Stephenson cited growth in wireless, broadband, and U-verse TV customers as the reason for a strong quarter.AT&amp;T&#39;s renamed wireless division saw an increase in 2 million customers in the quarter, the company said. The company&#39;s wireless division now has 65.7 million subscribers.AT&amp;T&#39;s merger integration efforts are on schedule, the company said, and cost savings are running ahead of the original estimates. In the first three quarters of 2007, cost savings from the BellSouth merger were about $2.8 billion, and AT&amp;T expects those savings to reach more than $3 billion for the year.Wireless data revenue increased 63.9 percent from last year, driven by increases in consumer and business data usage, including messaging, media bundles, laptop connectivity, and smart phone connectivity, AT&amp;T said.In the broadband space, AT&amp;T&#39;s connections, including DSL (Digital Subscriber Line), AT&amp;T U-verse, and satellite broadband services, increased by 499,000 in the quarter to reach 13.8 million. That&#39;s up 2.2 million, or 18.6 percent, over the past year.
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AT&T reported strong fourth-quarter earnings, with net income rising 63 percent, due in large part to the growth in wireless communications.
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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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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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Investor's Business Daily - All those long lines of first-day Apple iPhone buyers didn&#39;t immediately pay off as expected for the device&#39;s service provider, AT&amp;T, but the company on Tuesday still reported better-than-expected earnings, aided by strong wireless growth.
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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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The company also benefited from Appleâs strong sales of the iPhone, for which AT&T is the sole carrier.
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Verizon Communications Inc. VZ.N,  the nation's largest telecommunications company, on Thursday  posted a quarterly profit on asset sales and strong demand at  its Verizon Wireless unit.
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Motorola Inc.  on Tuesday said quarterly earnings rose 34 percent, beating Wall Street expectations, as it regained global market share in wireless  handsets amid robust sales of a range of function-rich phones.
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Media conglomerate Time Warner Inc.   said on Wednesday that fourth-quarter profit rose more  than 30 percent, boosted by asset sales, more digital cable and  phone customers, and a rise in AOL advertising sales.
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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.
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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.