AT&T adjusted profit up on strong wireless sales
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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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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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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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AT&T Corp. T.N, the No. 4 U.S.  telephone company, said on Thursday its fourth-quarter earnings  increased as it cut costs through slashing jobs and lower  equipment expenses.
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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. MOT.N 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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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 subscriber growth.
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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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Verizon Wireless, a venture of Verizon  Communications VZ.N and Vodafone Group Plc VOD.L, said on  Thursday operating profit and revenue rose on strong subscriber  growth in the fourth quarter.
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Motorola Inc. MOT.N 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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AT&amp;T&#39;s revenue was up 2.9 percent in the fourth quarter of 2007, largely driven by increases in mobile phone and broadband customers, the company said Thursday.AT&amp;T&#39;s pro forma revenue was $30.4 billion for the quarter, up 2.9 percent from a year earlier, when comparing combined revenue from AT&amp;T, BellSouth and the former Cingular Wireless.&#160;AT&amp;T acquired BellSouth&#160;and&#160;Cingular&#160;on Dec. 29, 2006.A net gain of 2.7 million mobile subscribers helped drive up the year-over-year pro forma numbers, AT&amp;T said in a news release. Most of those subscribers&#160;came to AT&amp;T through its exclusive contract to provide service for Apple&#39;s iPhone; Apple said Tuesday it sold 2.3 million iPhones during the quarter.AT&amp;T&#39;s official reported revenue for the fourth quarter, which ended Dec. 31, was $30.3 billion, up from stand-alone revenue of $15.9 billion in the fourth quarter of 2006. Those numbers were up slightly from the third quarter of 2007. Some merger-related costs account for the difference in revenue figures.AT&amp;T reported a net income of $3.1 billion for the fourth quarter of 2007, up from $1.9 billion, mostly due to its acquisition of BellSouth and Cingular.By comparison, AT&amp;T also had net income of $3.1 billion for the third quarter of 2007, with both quarter&#39;s numbers including income from BellSouth and Cingular, which was co-owned by AT&amp;T and BellSouth.The company&#39;s reported earnings per share were $0.51, up from $0.50 in the fourth quarter of 2006. Excluding one-time charges, earnings per share was $0.71, matching consensus earnings expectations by analysts polled by Thomson Financial. However, AT&amp;T missed on the revenue side: analysts had expected it to post $30.55 billion.AT&amp;T had an &quot;excellent&quot; fourth quarter, Randall Stephenson, AT&amp;T&#39;s chairman, president and CEO, said in the statement. AT&amp;T&#39;s mobile customer increase was the largest quarterly gain ever by a U.S. provider, he said. The company had 70.1 million mobile customers at the end of the year.Stephenson also pointed to growth in AT&amp;T&#39;s enterprise and broadband businesses. &quot;These growth trends, combined with the significant opportunities we have for continuous cost improvements, reinforce the positive outlook we have for our business,&quot; Stephenson said. &quot;AT&amp;T has a terrific set of assets and an impressive record in terms of executing and delivering on targets, and I am very confident in our ability to drive strong results in 2008.&quot;AT&amp;T&#39;s mobile revenues were $11.4 billion, up 16.3 percent from the fourth quarter of 2006. Mobile data revenue was up 57.5 percent.In AT&amp;T&#39;s wireline business, the company had 231,000 subscribers to its U-verse IP-based video service at year&#39;s end, up from 126,000 at the end of the third quarter.AT&amp;T&#39;s broadband revenues grew 13.7 percent in the fourth quarter to $1.4 billion. Total high speed Internet connections, which include DSL, AT&amp;T U-verse high speed Internet and satellite broadband services, increased by 396,000 in the quarter to reach 14.2 million, up by 2 million from the end of 2006.
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Sprint Nextel Corp.  posted a higher quarterly profit on Wednesday and its shares rose 6 percent after the company reassured investors by repeating its forecast for a turnaround in subscriber losses.
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Motorola (MOT) said Tuesday that its quarterly profit rose on improving sales of a host of new handset models. The world&#39;s No.
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AT&T Inc.  on Tuesday posted higher-than-expected quarterly profit on strong wireless subscriber growth, but results of the first two days of iPhone sales fell short of forecasts.
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Diversified health-care company Johnson &amp; Johnson on Tuesday said its quarterly profit rose on higher sales of prescription drugs and medical devices.
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AT&T reported a 17 percent increase in quarterly profits driven by a sizable increase in wireless subscribers.
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Sprint Nextel Corp  on Wednesday posted a higher fourth-quarter profit as revenue rose despite weak customer growth.