Verizon Posts Flat Third-Quarter Earnings
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Verizon Communications Inc. , 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 of local phone lines.
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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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U.S. stocks were flat on Tuesday after  news that U.S. gross domestic product grew at a  stronger-than-expected pace in the third quarter failed to  excite Wall Street and oil prices held near $50 a barrel.
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Investor's Business Daily - Verizon Wireless is bringing next-generation 3G wireless data services to the nation's consumers -- behind Asia and parts of Europe, but ahead of all its U.S. carrier rivals.
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ERICSSON has posted a third-quarter profit in line with analyst expectations but said it expects only slight growth in mobile networks in the coming months.
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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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Internet infrastructure vendor VeriSign Inc. today reported net income of $40.3 million for the third quarter of 2004, a reversal of the $31.3 million loss it posted in the same quarter one year earlier.
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Profit fell 94 percent in the third quarter as sales fell in the companyâs cell phone business, but it forecast better-than-expected fourth-quarter results.
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Verizon Communications Inc.'s third-quarter profit held steady at about $1.80 billion as declining revenues from traditional phone services at the nation's biggest telephone company were offset by another blockbuster quarter for Verizon Wireless, which added a record 1.7 million subscribers.
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Stocks were little changed on Thursday as a batch of weak economic data offset positive earnings from tech companies, including Motorola Inc .
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Verizon Communications announced earnings of $1.07 billion in the fourth quarter, but said its traditional telephone business remained a drag on the bottom line.
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U.S. stocks were flat on Thursday as  higher oil prices overshadowed news that cell phone maker Nokia  Corp. NOK.N raised its earnings forecast and weekly jobless  claims fell more than Wall Street's forecast.
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Blue-chip stocks were flat on Friday  after third-quarter gross domestic product data showed the U.S.  economy grew at a slower-than-expected pace, but another report  showed a rise in Midwest business in October.
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International Business Machines Corp.  on Monday posted a flat quarterly net profit, weighed down by a legal settlement, but said fourth-quarter results would be better than expected, and its shares rose 2.3 percent.
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LM Ericsson, the world&#39;s largest supplier of equipment for wireless phone networks, posted a third-quarter profit on Friday that was in line with analysts&#39; expectations but said it expects only slight growth in mobile networks in the coming months.
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Net income for the third quarter was $265 million on continued sluggishness in U.S. sales. But the earnings decline still beat Wall Street projections.
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Verizon Communications  said on  Tuesday it stopped collecting a 3 percent federal excise tax on  monthly bills for long-distance services and those bundled with  wireless and Web-based services.