EarthLink Sales Down But Profit Up
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Internet service provider EarthLink  Inc. on Tuesday reported its quarterly profit more than  tripled, boosted by cost controls, but sales fell short of  analysts' expectations.
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Time Warner Inc  forecast on Wednesday profit growth to slow but possibly exceed analyst estimates in 2008 after reporting quarterly earnings that reflected increases in broadband and phone subscribers and sales of "Harry Potter" and "300" home videos.
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Plus:  Microsoft tops its expectations...Google doubles profit year-over-year...SAP earnings beat estimates...EarthLink trims outlook...AT&#38;T posts $7.1 billion loss...Lucent sees first profitable year since 2000...EMC issues sunny report.
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US telephone and cable companies saw the growth of high-speed Internet services slow in the second quarter to the lowest rate in a year, an industry research firm said on Tuesday.
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In a May 21 story about municipal wireless projects, The Associated Press erroneously reported that EarthLink Inc. suspended new bids. The company said it won't seek as many bids, but isn't completely ruling out new ones.
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Sales rise, but earnings and margins are on the fritz.
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Sales were lower than expected, and the quality of earnings is in question.
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Comcast Corp , the largest  U.S. cable TV operator, on Thursday reported a small rise in  profit as it lost basic video subscribers during the third  quarter due to stronger competition from rival video services  through satellite and telephone operators.
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Lucent Technologies Inc. LU.N on  Wednesday posted lower quarterly earnings and disappointing  sales despite improved demand for wireless network products,  and the telecommunications gear maker's shares fell.
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Warner Music Group Corp  on  Friday posted a fourth quarter profit helped by gains from  litigation against online music service Kazaa, but sales fell  due to a weak release schedule compared with a year ago.
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Retreating from an upbeat forecast it made just last month, Nortel Networks Corp. on Thursday warned that third-quarter sales will fall below its second quarter and 2004 revenue growth at
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com. AT&amp;T Wireless announced a drop in sales and profits, as it moved closer to its planned acquisition by Cingular Wireless. The firm earned $117 million on revenues of $4.
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Comcast Corp. (CMCSA.O: Quote, Profile, Research) , the largest US cable operator, on Wednesday posted a quarterly profit that fell short of Wall Street forecasts but reported
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The maker of fiber optic networking gear said it had sharply narrowed its fourth-quarter loss, but its sales forecast fell short of Wall Street estimates.
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The chemical maker reported a quarterly profit that was lower than expected, in part due to weak demand from the housing and auto markets.
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Time Warner reported revenue growth of 5% for its third quarter, but net income declined and the company may have to restate its financial results for 2002 in connection with the investigation of accounting practices at its AOL division, the company said
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Plus: Alcatel outlook weak...Cisco profit climbs...Time Warner lowers earnings target...Electronic Arts lowers outlook.