Western Wireless Posts $30M in 3Q Profit
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Western Wireless Corp., an operator of wireless services, on Monday said it swung a third-quarter profit but missed Wall Street expectations after taking hefty charges during the period.
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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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The Redmond, Wash.-based company said it earned $2.9 billion, or 27 cents per share, on revenue of $9.19 billion for the three months ended Sept.
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Verizon Communications (NYSE: VZ) posted profit of US&#36;1.796 billion for its third quarter, up from &#36;1.791 billion a year ago. The company attributed the slight rise to its wireless segment, which brought in an additional 1.7 million wireless customers.
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Motorola Inc., the world&#39;s second- largest maker of mobile phones, said third-quarter profit quadrupled as new handset models increased sales.
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Atlanta-based Cingular Wireless, on the cusp of closing its acquisition of AT&amp;T Wireless, reported third-quarter results yesterday that showed higher sales and a slight decrease in operating income.
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Cingular Wireless on Wednesday said record new subscribers drove revenue higher in the third quarter, but blamed a decline in operating profit on increased costs to gain customers and from its pending merger with AT&amp;T Wireless Services Inc.
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Rural telephone company Alltel Corp.  on Monday said it would acquire Western Wireless Corp.  for &#36;6 billion in a move that will increase its customers in the Western United States and make it the fifth-largest U.S. wireless carrier.
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German phone giant Deutsche Telekom AG said Thursday its third-quarter net profit jumped to 1.39 billion euros (&#36;1.73 billion) amid growth at its wireless and Internet businesses, and raised its full-year forecast.
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RadioShack Corp.  on Tuesday posted a 22 percent rise in its third-quarter profit due to strong wireless sales and cost control, and reaffirmed its goal to grow 2005 earnings by as much 21 percent.
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Wipro Ltd., India&#39;s third-largest software exporter, said Friday its net profit for the fiscal second quarter that ended September reached US$84 million (euro 67.
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Cable &amp; Wireless has posted its first net profit in over 3 years and announced plans to cut 600 jobs and return cash to investors, sending the telecom company&#39;s shares racing to 5-month highs.
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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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India&#39;s third largest outsourcer Wipro reported a 32 percent increase in revenue in the quarter ending December 31, but profits grew by only 11 percent over the same quarter last year, reflecting&#160;higher salaries in India, and reduced margins as a result of its&#160;acquisition last year of U.S. IT services provider Infocrossing.
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The newspaper publisher reported profit of $365.7 million on the sale of several newspapers. Excluding the gain, earnings fell on weaker advertising.
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Northwest Airlines Corp , which cut costs and raised fares, on Monday reported a third-quarter profit, shattering Wall Street expectations.
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RadioShack Corp. RSH.N, the No. 3  U.S. electronics retailer, on Tuesday posted a 22 percent rise  in third-quarter profit due to strong wireless sales and cost  controls, but its shares slipped as it kept its 2004 earnings  outlook unchanged.