Sprint slows (but doesn't stop) subscriber loss in third quarter
by Chris Ziegler 
posted Oct 30th 2009 @ 4:10AM
earnings report posts
Motorola posts small 3Q profit, picks new CFO
by Chris Ziegler posted Oct 29th 2009 @ 12:49PM
For Motorola, any profit at all is a Good Thing right now, so we're sure there are a lot of smiling faces out in Schaumburg today on news that the company managed just a smidge of black ink in the third quarter. The Mobile Devices division specifically turned in $1.7 billion in revenue (about $100 million less than the quarter prior) and accounted for a $183 million loss, which was offset by wins in the company's other divisions ultimately resulting in $12 million in bankable profit. The company says that it expects to push fewer handsets in the fourth quarter as it scales back "unprofitable" devices in favor of its new Android-based gear -- which is just fine by us -- and yes, indeed, it still intends to split the company into two entities when the time is right. In the meantime, the company has announced a permanent CFO -- Edward Fitzpatrick, who was conveniently already appointed to the position on an interim basis -- putting to bed some of the drama to bed that's surrounded Paul Liska, who vacated the post months ago on bad terms. All told, the DROID and CLIQ launches have cast a rosy glow on Moto's current situation, so now it's time to put the nose to the grindstone and see if these guys can deliver financially through the end of the year.Read - Earnings
Read - CFO announcement
AT&T's third quarter earnings come up all roses
by Chris Ziegler posted Oct 22nd 2009 @ 1:06PM
AT&T has come clean with its third quarter earnings today, and on paper, it seems like big ol' Number Two doesn't have much to complain about as far as cash flow goes. EPS comes in at 54 cents, 4 cents more per share than the consensus estimate; revenue was up from the prior quarter (though down a bit from the same quarter a year ago) and they clocked in 2 million net adds, 1.4 million of which were postpaid. That now leaves AT&T with a staggering 81.6 million subs, 6.7 million more than a year ago. Meanwhile, 4.3 million new phones were activated on the network -- 3.2 million of which were iPhones, AT&T's best quarter ever for iPhone activations -- which might actually be perceived as a bad sign for the company seeing how it stresses how heavily reliant it is on Apple's baby for customer conquests. Data continues to be a heavy focus with data-focused revenue up 33.6 percent from the same period last year, and for everyone's sake, we hope that every cent of that revenue is going right back into the network.Both AT&T and Verizon see very positive Q3s
by Darren Murph posted Oct 27th 2008 @ 9:02PM
While many industries are going through a bit of a rough patch (to put things mildly), both AT&T and Verizon are soaking up the sun. Or maybe that's just the beaming glow being emitted from their respective Q3 reports. Either way, AT&T reported a 2.0 million net gain in total wireless subscribers on the coattails of 2.4 million iPhone 3G activations, while it notched a 50.5% uptick in wireless data revenues and saw overall wireless revenues increase by 15.4%. As for Verizon Wireless, it witnessed 1.5 million net customer additions (excluding the 630,000 customers pulled in from its Rural Cellular acquisition), and it noted that data revenues -- which now comprise over a fourth of all service revenue -- shot up 42.5% to $2.8 billion. For numbers galore explaining just how well the pair did this past quarter, mount up your reading glasses and hit the links below.[Via mocoNews]
Read - Verizon Q3 2008 earnings report
Read - AT&T Q3 2008 earnings report
