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Jul 24, 2012

AT&T posts higher-than-expected 2nd-quarter earnings

By Sinead Carew

(Reuters) – AT&T Inc reported quarterly profit that beat Wall Street estimates as the No. 2 U.S. wireless phone provider managed to cut more costs than expected in its wireless business.

Shares in AT&T rose slightly on Tuesday after it posted a wireless service margin of 45 percent, based on earnings before interest, taxes, depreciation and amortization. This was well ahead of the average expectation of 42.58 percent from four analysts.

Jul 23, 2012

TI sees third-quarter revenue hurt by weak orders

NEW YORK (Reuters) – Texas Instruments Inc’s second-quarter profit beat Wall Street expectations but the company warned that its third-quarter revenue would be weaker than usual for this time of year as customers are cautious due to global economic uncertainties.

Shares of TI, which makes chips for a wide range of products such as cellphones and industrial equipment, fell 1 percent in extended trade after the news.

Jul 20, 2012

Verizon wireline disappoints, shares off 2.9 pct

By Sinead Carew

(Reuters) – Weakness in Verizon Communications Inc’s (VZ.N: Quote, Profile, Research) enterprise business offset a better-than-expected wireless quarter, sending the telephone company’s shares down 2.9 percent.

After pushing Verizon’s shares up 14 percent so far this year, investors focused in on the wireline miss on Thursday even as Verizon handily beat Wall Street estimates for wireless subscriber growth and profitability.

Jul 19, 2012

Verizon wireline revenue disappoints, shares fall

By Sinead Carew

(Reuters) – Verizon Communications Inc’s (VZ.N: Quote, Profile, Research) quarterly revenue from its wireline business was less than expected due to weakness in its enterprise business, sending its shares down almost 2 percent.

After pushing Verizon’s shares up 14 percent so far this year, investors zoned in on the wireline miss on Thursday even as Verizon handily beat Wall Street estimates for wireless subscriber growth and profitability.

Jul 19, 2012

Verizon revenue rises; customer growth beats Street

By Sinead Carew

(Reuters) – Verizon Communications Inc posted higher quarterly revenue on Thursday and added more new subscribers than Wall Street had expected as the company probably drew customers from its smaller rivals.

The company’s Verizon Wireless venture with Vodafone Group Plc added 888,000 net new subscribers in the quarter, compared with the average expectation of about 666,000 from seven analysts.

Jul 19, 2012

AT&T data fees to jump in new shared plan option

NEW YORK (Reuters) – AT&T Inc is following bigger rival Verizon Wireless with a new type of family plan that will significantly raise its fees for data services, such as mobile Internet.

But, unlike its rival, AT&T said the plan will be an option, rather than a requirement, for new customers. AT&T customers and some Verizon customers upgrading to a new phone will also be able to keep their old plans, the companies said.

Jul 18, 2012

Qualcomm cuts outlook for current qtr, sees strong Dec

NEW YORK, July 18 (Reuters) – Qualcomm Inc cut its
revenue and earnings forecast for the current quarter on
weaker-than-expected demand for semiconductors and cellphones
but investors took heart as it said that sales would improve
before the end of 2012.

Qualcomm shares rose 6 percent in late trade after the
leading provider of chips for cellphones said it expects a
“strong December quarter” despite weakness in the current
quarter.

Jul 17, 2012

AT&T, Verizon shares on tear ahead of 2nd-quarter earnings

NEW YORK (Reuters) – Don’t expect much of a pop from shares of Verizon Communications Inc (VZ.N: Quote, Profile, Research, Stock Buzz) and AT&T Inc (T.N: Quote, Profile, Research, Stock Buzz), even if the two companies surpass analysts’ second-quarter expectations.

That’s because shares in the top U.S. telephone companies have already risen sharply this year due to their high dividend yields and earnings and revenue stability amid an uncertain global economy and low U.S. Treasury interest rates.

Jul 15, 2012

Nokia cuts price of flagship smartphone in half

By Sinead Carew and Jonathan Stempel

(Reuters) – Nokia Oyj has cut the U.S. price of its flagship smartphone in half, barely three months after its launch, in an effort to stanch losses in market share to rivals such as Apple Inc and Samsung Electronics Co.

The cost of the Lumia 900 Windows phone has been reduced to $49.99 from $99 with a two-year agreement, Nokia spokesman Keith Nowak said on Sunday.

Jul 12, 2012
    • About Sinead

      "Sinead is a telecommunications industry correspondent. Her coverage area spans U.S. service providers, cellphone makers and chip makers. Before joining Reuters in 2002, she covered technology and telecoms for various trade publications."
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