Tax Benefit Lifts Qwest Earnings
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The company reported a $2.15 billion tax benefit but said overall revenue dipped because of a 19 percent drop in traditional wholesale services.
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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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AT&T  posted a higher quarterly profit as strength in its wireless business offset weakness in traditional consumer services.
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SAN ANTONIO -- AT&T Inc. posted a 61 percent increase in second-quarter earnings on Tuesday, lifted primarily by its buyout of BellSouth Corp. but also aided by faster growth in its Internet protocol services and by a gain in wireless subscribers.
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Media and mobile telephone group Vivendi Universal said that third-quarter profits had risen by nearly sixfold and upgraded its full-year profit outlook owing to a change in tax arrangements.
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BellSouth Corp.  on Monday said  second-quarter profit rose, boosted by growth in wireless and  high-speed Internet services.
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Revenue up 8 per cent Kingston Communications PLC has seen profits soar with revenue up eight per cent in the first half of the year.â¦
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WASHINGTON (CBS.MW) -- Shares of Qwest Communications International rose more than 5 percent in Friday action amid news that the company has agreed to pay $250 million to end a federal probe of fraudulent accounting practices employed by former management
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Continued improvement in its operational performance boosts second-quarter earnings.
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British telecoms operator BT Group delivered better-than-expected fiscal third-quarter profits after strong demand for its "new wave" products outweighed another decline in its traditional voice business.
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Nextel Communications Inc., the wireless telephone service provider, reported a 69 percent increase in profits in the third quarter, thanks to continued customer growth as well as a one-time tax benefit, and boosted guidance for the year.
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Health insurer posted a rise in quarterly net profit as  increased membership boosted revenue.
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AT&T Inc  on Thursday posted a  higher quarterly profit as strength in its wireless business  offset weakness in traditional consumer services.
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Standard Life reports better than expected profits, helped by sales of more profitable pension products.
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World Airways Inc. raised its third-quarter revenue and operating income forecasts on Wednesday, citing benefits from military and commercial contracts; shares of the cargo carrier jumped more than 35 percent.
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Fourth-quarter earnings jumped 64 percent, due in part to a $214 million gain from a tax benefit, as well as more streamlined operations at the military contractor.
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Strong and confident about disk Seagate posted a boost in fourth quarter income thanks to higher revenue and a one-time tax benefit.â¦