Vodafone's full-year profit dips
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Mobile phone giant Vodafone posts a slight dip in annual profits as it battles tough competition in Europe.
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AT&T Wireless Services Inc. AWE.N  said on Tuesday its third-quarter profit declined as customers  spent less per month, offsetting a rise in net new customers.
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European stock markets drifted lower in early trading as profit-taking set in after recent gains, despite a modest rise on Wall Street and well-received results from cellphone giant Vodafone.
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Vodafone Group Plc won 5.4 million more customers over the key Christmas trading quarter, topping forecasts, and the mobile phone giant reiterated its full-year forecasts on Wednesday.
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Nokia Oyj, the world&#39;s largest mobile- phone maker, said profit may drop for a second straight quarter. Earnings fell 20 percent in the three months ended in September because the company cut prices to regain market share.
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NTT DoCoMo reported today that its profit fell 6 percent for the most recent six-month period from a year earlier as price-cutting rivals lured customers away from the company, Japan&#39;s top provider of mobile phone service.
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NEW YORK -- Verizon Communications Inc., the nation's second largest telecommunications company, on Monday reported third-quarter earnings fell by a third from a year ago due to tax charges.
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Profits continue to drop despite strong sales of Palm's Treo smartphone.
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Vodafone reports a Â£14.9bn loss - a record for a UK firm - after writing down the value of assets.
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Cell phone maker Motorola Inc. on Wednesday warned of a second-quarter profit and sales shortfall, blaming poor results in its mobile devices business in Asia and Europe. The company also said it no longer expects mobile devices &#151; its largest business &#151; to be profitable in 2007.
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Motorola Inc  on Thursday posted a quarterly profit from continuing operations in the third quarter but revenue fell.
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Nokia has reported a 20% decline in net profit for the third quarter, due largely to cuts it made in the prices for its mobile phones and predicted that earnings would fall again in the fourth quarter.
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Verizon Communications Inc., the nation's second largest telecommunications company, on Monday reported third-quarter earnings fell by a third from a year ago due to tax charges.
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Swedish telecoms equipment maker Ericsson reported a lower-than-expected fourth-quarter gross profit margin on Thursday as the rollout of more mobile networks added to costs, sending its shares down despite strong orders.
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The company said profit from continuing operations fell to $614 million as weak demand for calculators outweighed improving sales of advanced phones that use its chips.
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Palm, the maker of Treo smart phones, said profit slipped on stock option expenses and slow sales growth amid tougher competition.
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Nippon Telegraph and Telephone Corp., Japan's top telecommunications company, reported a 21.8 percent drop in profit for the April-December period Monday due to declines in voice and fixed-line operations.