Motorola Third-Quarter Earnings Rise
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Motorola Inc. , the world's No. 2 maker of cell phones, on Tuesday said its quarterly profit rose sharply, helped by improving sales of a host of new handset models.
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Strong sales of its latest mobile phones help Motorola report strong profits ahead of Wall Street expectations.
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Goldman Sachs Group Inc. and Lehman Brothers Holdings Inc. said fiscal third-quarter earnings rose more than expected, led by gains in bond and commodities trading and higher fees from mergers and acquisitions advice.
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Wireless communications service provider Nextel Communications Inc. on Friday posted 69 percent growth in third-quarter earnings based on demand across its business sectors, and raised its outlook for 2004.
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Research In Motion reported a sharply higher third-quarter profit on Tuesday as sales more than doubled on sizzling demand for its BlackBerry wireless e-mail device.
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NEW YORK -- Verizon Communications Inc., the nation's second largest telecommunications company, on Monday reported a 3.9 percent rise in fourth-quarter earnings on steady but moderate growth in its core operations.
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Phone company Qwest Communications International Inc  said on Tuesday its third-quarter profit rose, helped by a tax benefit and cost cuts.
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Motorola Inc  reported on Thursday its first quarterly profit in 2007 and gave an outlook that beat Wall Street expectations, in a sign the mobile phone maker has started to turn around its business.
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Motorola Inc., the largest U.S. cell phone maker, more than quadrupled its third-quarter earnings to &#36;479 million thanks largely to new handsets that boosted its sales by 26 percent.
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Shares of Motorola Inc.  rose almost 3 percent on Wednesday on speculation that Chief Executive Ed Zander could be about to resign, amid a new campaign by an activist investor to oust the executive.
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Motorola's mobile-phone business recorded a $138 million loss in the third quarter, with handset revenues declining by 36 percent to $4.5 billion in comparison with the year-earlier period. Nevertheless, Motorola executives remain upbeat about the ailing unit's prospects for returning to profitability, noting that substantial progress has been made during the quarter.
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Texas Instruments Inc., the largest maker of chips used in wireless phones, said Monday that its third-quarter earnings rose 11 percent as demand for analog chips and lower manufacturing costs overcame a drop in revenue.
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The investment firm reported strong third-quarter earnings.
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Mobile handset maker Motorola turns in a fourfold jump in profits, crediting strong demand for its new-look phones.
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Rogers Communications Inc. credited surging earnings at its fast-growth wireless unit and foreign exchange gains for the cable, media and telecom group&#39;s third-quarter return to profit Tuesday.
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Sprint Nextel Corp. , the No. 3  U.S. wireless provider, said on Thursday its quarterly revenue  rose as it added new subscribers, while earnings fell after its  acquisition of Nextel.
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General Electric Co. (GE.N: Quote, Profile, Research) on Friday said third-quarter earnings rose as profit gains across many of its financial and industrial businesses outweighed hurricane-related costs.