Leap Wireless Restates Results for Last 3 Years
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The operator of the Cricket and Jump pay-as-you-go mobile phone services restated more than three years of its financial results.
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Motorola posted a loss from continuing operations of $38 million, or 2 cents a share, compared with a profit of $1.35 billion, or 54 cents per share, a year earlier.
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Operating profits slipped 5.5 percent at Cingular Wireless LLC despite gains in both subscribers and revenue in what was likely the last full quarter before the company's completes its &#36;41 billion purchase of AT&amp;T Wireless Services Inc.
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MCI (MCI), one of the nation&#39;s biggest long-distance operators, lost $3.4 billion in the third quarter because of a previously announced asset writedown of $3.
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The worldwide market for handheld devices saw its third successive quarter of year-over-year decline in the third quarter of 2004, according to a new report released by IDC.
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Says that amount would have been earned for the first 9 months of 2004, before AT&amp;T purchase. LOS ANGELES,  - Cingular Wireless would have posted a net profit of $650 million for the first nine months
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DALLAS -- Third quarter profits at Texas Instruments Inc. grew by $116 million from a year ago due to rising demand for its chips used in high-end mobile phones and digital light processing systems for big-screen televisions.
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The global market for handheld devices continued to dwindle. The industry has recorded a year-over-year fall for the third successive quarter, according to data released by IDC this week.
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Sprint Corp., FON.N  the No. 3  U.S. wireless telephone service company, on Monday said its  2004 results would meet its prior estimates, and the company  released its outlook for earnings and revenues in 2005.
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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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The drug company posts a wider Q3 loss than a year ago.
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Verizon Communications posted net income of $4.2 billion for the third quarter, up 19 percent from a year ago, driven largely by new wireless and fiber broadband customers, the company said Monday.The company added 1.6 million wireless customers and 229,000 new&#160;Fios fiber-based broadband&#160;customers, Verizon said. The company&#39;s Verizon Wireless subsidiary now has 63.7 million customers, and Verizon now has 1.3 million Fios broadband customers since launching the service in early 2005.Verizon reported total revenue of $23.8 billion, up 5.8 percent from the third quarter of 2006. Verizon&#39;s earnings per share, however, fell from $0.53 a year ago to $0.44 this quarter.Verizon&#39;s quarterly results show the company has &quot;hit its stride&quot; in offering wireless, broadband, and telecommunication services to large businesses, Chairman and CEO Ivan Seidenberg said in a statement.Among the highlights was an all-time high for Verizon wireless on average monthly revenue per customer, Verizon said. The average for retail voice service was $52.17 per customer, up 1.9 percent over a year ago.In addition to the customer gains for Fios broadband service, the company also added 202,000 Fios television customers, bringing the total number of Fios TV customers to 717,000. Verizon added 285,000 new broadband connections, including Fios and DSL (Digital Subscriber Line). Verizon now has 8 million broadband connections, up 21.3 percent over last year.Fios is available to 6.5 million U.S. residences.But total wireline revenue was down 0.8 percent from last year at $12.7 billion this quarter.Independent telecom analyst Jeff Kagan said Verizon&#39;s Fios push is beginning to pay off. Verizon is headed in the right direction, he said.&quot;It has taken a long time and cost a lot of money for Verizon to get to where they are today with their television and Internet,&quot; Kagan said. &quot;However, now that they are beginning to deliver on the Fios promise, the customers seem to be welcoming the offering.&quot;The now ready telecom-based television services are pumping new life into the telecom carriers, after cable TV companies beat them to the punch by offering voice service before telecoms received regulatory approval to offer TV service, Kagan said.&quot;All of a sudden that dynamic is shifting,&quot; he said. &quot;Suddenly telephone companies like Verizon and AT&amp;T are doing very well as cable television companies are struggling with their sagging stock price.&quot;
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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.&#39;s third-quarter profit held steady at about $1.80 billion as declining revenues from traditional phone services at the nation&#39;s biggest telephone company were offset by another blockbuster quarter for Verizon Wireless, which
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AT&amp;T&#160;reported net income of $3.1 billion for the third quarter of 2007, up from $2.2 billion a year earlier, largely due to its&#160;acquisition of BellSouth.AT&amp;T nearly doubled its revenue from a year ago, going from $15.6 billion to $30.1 billion, but those 2006 numbers don&#39;t factor in the BellSouth acquisition and revenue from Cingular Wireless, which AT&amp;T and BellSouth co-owned. The BellSouth deal closed Dec. 29, 2006.AT&amp;T&#39;s revenue was up 3.2 percent from the combined revenue from AT&amp;T, BellSouth, and Cingular in the third quarter of 2006. Comparable earnings per share were $0.50 compared to $0.56 the third quarter of 2006.AT&amp;T&#39;s adjusted third-quarter earnings, which exclude costs and accounting effects associated with the acquisition, were $4.3 billion, or $0.71 per diluted share, up from $2.4 billion, or $0.63 per diluted share, in the third quarter of 2006.AT&amp;T&#39;s third-quarter results were &quot;excellent,&quot; Randall Stephenson, AT&amp;T chairman and CEO, said in a statement. Stephenson cited growth in wireless, broadband, and U-verse TV customers as the reason for a strong quarter.AT&amp;T&#39;s renamed wireless division saw an increase in 2 million customers in the quarter, the company said. The company&#39;s wireless division now has 65.7 million subscribers.AT&amp;T&#39;s merger integration efforts are on schedule, the company said, and cost savings are running ahead of the original estimates. In the first three quarters of 2007, cost savings from the BellSouth merger were about $2.8 billion, and AT&amp;T expects those savings to reach more than $3 billion for the year.Wireless data revenue increased 63.9 percent from last year, driven by increases in consumer and business data usage, including messaging, media bundles, laptop connectivity, and smart phone connectivity, AT&amp;T said.In the broadband space, AT&amp;T&#39;s connections, including DSL (Digital Subscriber Line), AT&amp;T U-verse, and satellite broadband services, increased by 499,000 in the quarter to reach 13.8 million. That&#39;s up 2.2 million, or 18.6 percent, over the past year.
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Qualcomm posted a profit of $767 million, or 46 cents a share, for the period that ended Dec. 30, compared with $648 million, or 38 cents a share, in the year-ago quarter.
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Sales up, but not enough for Wall St 3Com fell short of Wall Streetâs expectations when it unveiled its third quarter results yesterday.â¦