quarter

 

AT&T Reports 61% Growth in Profits

AT&T Inc. reported a 61 percent surge in profits during the second quarter of 2007, thanks to the BellSouth Corp. acquisition and an exclusive deal on Apples iPhone. The nations largest local phone company said Tuesday its net income totaled $2.9 billion, or 47 cents a share, up from $1.8 billion, or 46 cents, a […]

Motorola Earnings Plunge to 1 Cent Per Share

Motorola Inc. released its second-quarter earnings Thursday morning, and results were as dismal as the company and analysts had projected. Motorola posted a loss of $28 million, or 1 cent per share, compared with net income of $1.38 million, or 55 cents per share, a year earlier. The second-quarter results included charges related to job […]

Alcatel-Lucent Net Drops

Alcatel-Lucent posted a net loss 8 million euros, or $10.8 million, during the first quarter mostly because of the companys $11 billion dollar merger. The French-American equipment maker reported first quarter net income of 199 euros ($268 million), or 9 cents per European share, compared with 306 million euros, or 13 cents per share, during […]

XO Lowers Losses

XO Holdings Inc. reported Thursday that it lowered its net loss by more than 50 percent during the first quarter compared to the same time last year. The companys net loss was $20.6 million during the first quarter. It was $43.7 million in 2006. XO reported its revenue at $348.5 million compared with $349.6 million […]

Vonage Losses Narrow

Troubled VoIP company Vonage Holdings Corp. reported Thursday its net loss narrowed during the first quarter despite an ongoing legal battle with Verizon Communications Inc. The first-quarters net loss was $72 million, or 47 cents per share, compared with a loss of $85 million during the first quarter last year. The company was not publicly […]

PAETEC Reports First Post-Merger Earnings

In its first earnings call since its merger with US LEC Corp., PAETEC Holding Corp. reported first quarter revenue of $194 million, which represented a 37.8 percent increase over first quarter 2006 revenue of $140.8 million. Adjusted EBITDA for the 2007 first quarter increased 52.5 percent to $34.2 million over adjusted EBITDA for the 2006 […]

Cisco Net Profits Rise 34%

Cisco Systems Inc. posted a 34 percent rise in net profit for its fiscal third quarter, which ended April 28. The company said businesses and phone companies bought more equipment to accommodate increasing Internet traffic. Cisco said its net income rose to $1.9 billion, or 30 cents per share, from $1.4 billion, or 22 cents […]

Time Warner Telecom Closes Gap on Quarterly Losses

Colorado-based Time Warner Telecom Inc. improved its losses during the first quarter of 2007, the second straight quarter it has reported earnings since buying Xspedius Communications. The CLEC on Wednesday posted a net loss of $13.8 million, or 10 cents per share, as compared to a loss of $22.3 million, or 19 cents per share, […]

Sprint Posts $211 Million 1Q Loss

Sprint Nextel Corp., which has been struggling to keep wireless subscribers, on Wednesday reported that it lost $211 million, or 7 cents per share, during the first quarter. Thats compared to profit of $417 million, or 12 cents per share, a year ago. The financial losses translated into fewer customers, as well. Sprint Nextel said […]

Qwest 1Q Income Nearly Triples

Qwest Communications International Inc. nearly tripled its net income in the first quarter, thanks to continued adoption of its bundled services, relaxed regulation and cuts in areas including retiree benefits. The nations third-largest local phone company reported net income of $240 million, or 12 cents per share, over $88 million, or 5 cents per share, […]

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