AT&T Reports Higher Fourth-Quarter Profit
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AT&T Corp., the No. 4 U.S. telephone  company, said on Thursday its fourth-quarter earnings increased  due to cost-cutting through job cuts and a tax benefit from the  writedown of its assets.
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The communications company said that fourth-quarter profit rose 25 percent as it added more high-speed Internet subscribers.
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Wireless technology company Qualcomm Inc.  on Wednesday reported a higher quarterly profit on growing global demand for cellular networks using its technology.
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AT&T Inc  on Thursday posted stronger-than-expected wireless growth in the fourth quarter and reiterated its 2008 outlook, easing investor concerns that U.S. economic weakness would hurt its profit.
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ATI Technologies Inc., the world&#39;s second-biggest maker of computer-graphics chips, said fourth- quarter profit more than doubled, helped by sales of graphics- enhanced cell phones and high-definition televisions.
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Boeing Co  said on Wednesday fourth-quarter profit rose, helped by strong sales of its commercial aircraft, as the three-year aerospace boom continues.
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AT&T Inc  on Thursday posted stronger-than-expected wireless growth in the fourth quarter and reiterated its 2008 outlook, easing investor concerns that U.S. economic weakness would hurt its subscriber growth.
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AT&T Corp. T.N, the No. 4 U.S.  telephone company, said on Thursday its fourth-quarter earnings  increased as it cut costs through slashing jobs and lower  equipment expenses.
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Boeing Co  said on Wednesday fourth-quarter profit rose a greater-than-expected 4 percent, as higher deliveries of its commercial aircraft offset a dip in military sales due to the creation of a satellite launch joint venture.
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U.S. phone company Qwest Communications International Inc  on Tuesday reported an 89 percent rise in fourth-quarter profit, boosted by a benefit related to income tax.
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The mobile phone maker said  fourth-quarter net profit rose to $2.6 billion and that it had reached its goal of 40 percent market share in handset sales. The companyâs stock soared.
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Amgen Inc  said on Thursday that fourth-quarter profit edged higher, helped by cost cutting, and relieved investors with stronger than expected sales of all its key products.
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CHICAGO  â Boeing reported a 4 percent increase in fourth-quarter profit on Wednesday, topping Wall Streetâs expectations despite concerns over delays in the 787 Dreamliner.
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Sprint Nextel Corp  on Wednesday posted a higher fourth-quarter profit as revenue rose despite weak customer growth.
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AT&T Corp., the No. 4 U.S. telephone company, said on Thursday its fourth-quarter earnings increased as it cut costs by slashing jobs and from a benefit related to a prior writedown of assets.
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Sprint Corp., the No. 3 U.S.  wireless company, on Thursday said fourth-quarter earnings rose  on stronger sales in its wireless unit.
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The retailer said net income in the fourth quarter rose to $4.1 billion as its focus on low prices paid off. International growth also helped lift profit and sales.