The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier--Lehman Brothers dropped its estimates on Leap Wireless based on predictions of continued elevated spending levels as the carrier invests in new markets, broadband and...
Virgin Mobile USA Inc. showed more enthusiasm toward its newer, postpaid offerings in its second-quarter report - not the normal behavior for a company that made its name with prepaid. When asked about average revenue per user (ARPU) results related to its recently launched...
As Verizon Wireless works to purchase the carrier, Alltel Communications L.L.C. announced the addition of 319,687 customers in the second quarter, showing it is still thriving even as its potential end draws near.Verizon Wireless said in June that it would acquire Alltel in a...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier--RBC Capital Markets raised its price target on Leap Wireless to $49 from $45 after the carrier reported strong second-quarter subscriber growth. R.W. Baird lowered...
T-Mobile USA Inc.'s second-quarter results showed increases in the two Cs, customers and churn. The nation's No. 4 carrier added 668,000 customers, pushing its customer base to 31.5 million at the end of the quarter, but T-Mobile USA's churn reached 2.7%, up from 2.6%...
Sprint Nextel Corp.'s comeback campaign showed limited progress but remains a work in progress, as the struggling No. 3 wireless provider slowed its hemorrhaging customer churn while recording a $344 million loss in the second quarter. The Q2 results, which had Sprint Nextel losing...
Leap Wireless International Inc. is planning to aggressively expand its broadband offering even as that buildout weighs down its financials. The carrier said it added added 171,000 net customers during the second quarter. Most of those additions (116,000) were new customers in recently launched...
CommScope Inc. released second-quarter results, reporting revenue of $1.09 billion, net income of $40.2 million and strong international sales. CommScope said sales more than doubled on a year-over-year basis, due primarily to the acquisition of Andrew.Sales increased 2.1%, positively impacted by Andrew's actual sales...
Centennial Communications Corp. put out results for its fiscal fourth-quarter and full-year that ended May 31, with a consolidated annual revenue exceeding $1 billion.Consolidated revenue for the fourth quarter totaled $258.7 million, with $142.5 million coming from domestic operations and $116.2 million from its...
Nortel Networks Corp.'s stock plunged nearly 15% after the infrastructure provider released relatively flat second quarter results, but warned of future instability in the U.S. market. The Toronto-based company posted Q2 revenue of $2.62 billion, a 2% increase year-over-year. Of the total revenue, just...
Motorola Inc. says its troubled handset business is improving and will be stronger by the end of the year, but CEO Gregory Brown isn't willing to say when he expects the unit to break even.Yet Brown insists the division, which lost $346 million in...
Motorola Inc. managed to both pleasantly surprise the market today and disappoint industry observers who are looking further down the road.The company posted a meager profit, beat expectations on handset volumes and forecast it would end the year in the black.Motorola also said its...
Electronic Arts Inc. continued to grow its mobile revenues even as it disappointed investors with a $95 million quarterly loss.The publishing giant's wireless business generated $44 million in revenues during the period, marking a 33% year-over-year increase and a slight bump over the previous...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier--RBC Capital Markets lowered its price target on Verizon to $37 from $43 on strong wireless results but mixed wireline. The firm raised its EPS...
Alcatel-Lucent's troubles are likely to continue in the third quarter, as the network vendor struggles with structural problems, according to one research company. As part of its second-quarter results, Alcatel-Lucent announced CEO Patricia Russo has decided to leave the company. At the board's request,...
VERIZON WIRELESS MAY LAG BEHIND larger rival AT&T Mobility in total customers, but the industry's No. 2 players continues to hold a financial lead.Verizon Wireless posted an 11.8% increase in total revenues during the second quarter, reaching $12.1 billion, which was $85 million more...
Nokia Corp. hit the second-quarter finish line (pun intended) with strong year-over-year growth in handset shipment volumes, a key metric for Wall Street and those given to horse-race analogies.The company's performance established that, despite global macro-economic woes, growth in shipments remains possible. Indeed, Nokia...
Samsung Electronics Co. Ltd. solidified its position as the world's No. 2 handset vendor in the second quarter, with less than half the volume of Nokia Corp. but nearly twice the volume of closest rival LG Electronics Co. Ltd.Handsets proved to be the industrial...
RadioShack Corp. reported a 6.9% increase in sales, driven by revenues from digital-to-analog TV converter boxes, GPS device sales, video gaming sales, prepaid wireless phones and improvement in AT&T Mobility's postpaid offerings. However, Sprint Nextel Corp. continued to drag on the company; RadioShack said...
Nearly lost in the generally positive hubbub over an agreement between Qualcomm Inc. and Nokia Corp., was the former's actual earnings in fiscal third quarter and outlook for the rest of the year.Tepid guidance from Qualcomm, on the heels of a disappointing outlook from...
Given the broad scope of an agreement between Nokia Corp. and Qualcomm Inc. announced last night, it's apparent that negotiators have been quietly hard at work for some time to resolve a vast swath of issues that were hamstringing the two industry powerhouses.Yet the...
AT&T Mobility's second-quarter numbers were buoyed by a 52% jump in wireless data sales over the same quarter last year, and the carrier's overall revenues from wireless popped by 15.8% over the same period. The carrier reported a gain of 1.3 million new customers...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier--Standard & Poor's Ratings Services upgraded MetroPCS to B from B- with a stable outlook. "The upgrade reflects the company's improving financial leverage," said Standard...
Verizon Wireless released partial second-quarter results showing it added 1.5 million new subscribers to its "Can You Hear Me Now?" network during the period. The results came in ahead of the 1.3 million customers the industry's No. 2 carrier posted during the second quarter...
