Wireline in the second quarter of 2012

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2012 second quarter earningsHow did the wireline industry perform in the second quarter of 2012?

Check in here throughout the second quarter earnings report season for a summary of results from the wireline industry's service providers and network equipment manufacturers. Each abbreviated summary links to a full article covering a provider's second quarter report.

Also, don't forget to check out our first quarter 2012, fourth quarter 2011, third quarter 2011 and second quarter 2011 wrap-up pages. Check back in throughout the earnings season to see all of FierceTelecom's related Q2 2012 earnings.

July 11

ADTRAN (Nasdaq: ADTN)
ADTRAN once again saw the effects of service providers keeping a tighter rein on their purses in Q2. During the quarter, sales declined to $183 million year-over-year from $184 in the same period last year, while net income was $21 million, down from $36 million in Q2 2011.
- see this article
- and the earnings release
- more ADTRAN news

July 19

ADVA Optical Networking (XETRA: ADV.DE)
Despite an economic climate that remains somewhat unfriendly to network equipment purchasing, ADVA reported revenues that climbed 10.3 percent year-over-year and 5.2 percent sequentially to a record €85.9 million ($104.4 million) in the second quarter of 2012. Diluted earnings per share reached €0.10 ($0.12).
- see this article
- and the earnings release
- more ADVA news

Verizon (NYSE: VZ)
FiOS continues to be a shot in the arm for Verizon's wireline side, as the carrier posted a 2.5 percent year-over-year rise in consumer wireline revenues in Q2 2012.  Wireline operating revenues declined 3.1 percent to $9.9 billion.
- see this article
- and these selected slides
- more Verizon news

8x8 (Nasdaq:EGHT)
Hosted VoIP and unified communications provider 8x8 announced a record $25.3 million in quarterly revenue, in the release of its financial operating results for the first quarter of fiscal 2013.
- see this article
- and the earnings release
- more 8x8 news

July 24

AT&T (NYSE:T)
For Q2, AT&T's, wireline revenues declined 0.8 percent to $14.9 billion and were down slightly sequentially, a factor it attributes to ongoing voice revenue losses. Likewise, Q2 wireline operating expenses were down 1.3 percent to $12.9 billion from the same quarter a year ago and 1.9 percent sequentially. Voice service revenue losses were partially offset by gains in consumer and strategic business revenue gains.
- read this article
- and the earnings release
- more AT&T news

Bell Aliant (Toronto: BA-UN.TO)
Bell Aliant's IP service growth pains continued into the second quarter of 2012, as the service provider's operating revenue dropped 0.7 percent to CAD 688 million (USD 675 million) due to declines in traditional local and long distance voice revenues.
- read this article
- see the earnings release
- more Bell Aliant news

Infinera (Nasdaq: INFN)
Infinera reported that Q2 GAAP revenues were $93.5 million down from $104.7 million in Q1 2012 and $96.0 million in Q2 2011. 
- see this article
- here's the earnings release
- more Infinera news

Juniper Networks (NYSE: JNPR)
Juniper Networks beat Wall Street expectations as its second-quarter 2012 revenues rose 4 percent sequentially to $1.07 billion, but down 4 percent from the same period a year ago. For the quarter, the vendor earned 19 cents per share, higher than Wall Street's forecast of 16 cents per share.
- read this article
- more Juniper news

July 25

BT (NYSE: BT)
BT Group PLC on Wednesday reported lackluster fiscal first-quarter 2012 financial results in which revenues dipped 6% amid economic uncertainty in Europe.
- see this article
- and the earnings release
- more BT news

Level 3 Communications (Nasdaq: LVLT)
Core Network Services (CNS) continued to be a strong performer in Level 3's portfolio during the second quarter, but sluggish UK government sales drove a wider than expected loss.
- see this article
- and the earnings release
- more Level 3 news

July 26

Acme Packet (Nasdaq: APKT)
Networking hardware company Acme Packet reported second-quarter 2012 earnings in which revenue fell 15 percent year-over-year, to $67.6 million.
- read this article
- see the earnings release
- more Acme Packet news

Alcatel-Lucent (NYSE: ALU)
Alcatel-Lucent has been forced to cut 5,000 jobs across all of its regions as part of a company-wide restructuring process. The job cuts come as the Franco-American company reports a Q2 loss amid slow telecom equipment sales.
- read this article
- see the earnings release
- more Alcatel-Lucent news

Sprint (NYSE: S)
The wireline division at Sprint continues to struggle as second-quarter revenues declined 9 percent to $1 billion year-over-year.
- see this article
- and the earnings release
- more Sprint news

July 27

America Movil (NYSE: AMX)
Mexican telecommunications company América Móvil reported disappointing second-quarter 2012 earnings amid increasing competition and an unfavorable foreign exchange rate for the peso.
- see this article
- and the earnings release (.pdf)
- more America Movil news

Tellabs (Nasdaq: TLAB)
Tellabs saw a slight turnaround in its fortunes as Q2 2012 revenues rose 12 percent sequentially to $288 million, up from $259 million in Q1 2012.
- see this article
- and the earnings release (.pdf)
- more Tellabs news

July 31

Calix (NYSE: CALX)
Telecommunications equipment supplier Calix reported lower results following weak Tier 3 carrier sales. For the three-month period ended June 30, Calix's revenue fell more than 19 percent, to $78.9 million, compared to the same year-ago period for which the company reported revenue of $98 million.
- see this article
- and the earnings release
- more Calix news

Frontier Communications (Nasdaq: FTR)
Frontier reported in its second-quarter 2012 earnings call Tuesday that revenue declined sequentially to $1.258 billion, from $1.27 billion in Q1 2012.
- see this article
- and the earnings release
- more Frontier news

Aug. 1

Vonage (NYSE: VG)
Vonage Holdings Corp., the largest U.S. Internet-based telephony company, announced quarterly earnings exceeding Wall Street analysts' expectations.
- see this article
- and the earnings release
- more Vonage news

Aug. 2

Consolidated Communications (Nasdaq: CNSL)
Consolidated reported its second-quarter revenue was slightly higher than it posted for the same year-ago period. For Q2, revenues were $93 million, up 0.4 percent, over $93.6 million in the same period a year ago.
- see this article
- and the earnings release
- more Consolidated news

EarthLink (Nasdaq: ELNK)
The service provider's revenue declined sequentially to $338.2 million, down 2 percent from Q1 2012, and 7 percent from the same period a year ago. Business services continued to be the main driver in EarthLink's revenue mix.
- see this article
- and the earnings release
- more EarthLink news

FairPoint Communications (Nasdaq: FRP)
FairPoint Communications reported "very strong" second-quarter earnings. Growth in FairPoint's enterprise and broadband services offset continued decline in the company's residential voice business. Q2 revenue from FairPoint's data and Internet services grew 8.4 percent over the previous period. Total Q2 revenue was $243.5 million, up from $262.6 million a year earlier.  
- see this article
- see the earnings release
- more FairPoint Communications news

HickoryTech (Nasdaq: HTCO)
For the quarter, the telco reported that strong business sales drove up revenues 9 percent to $43.9 million. However,, income was down 33 percent to $1.8 million due to expected declines in traditional PSTN voice and network access services.
- see this article
- and the earnings release
- more HickoryTech news

Lumos Networks (Nasdaq: LMOS)
Lumos Networks Corp. posted second-quarter earnings that fell to $2.7 million, from $6.6 million the year before. Total Q2 revenue was $50.8 million, down from $52.1 million for the second quarter of 2011.
- see this article
- and the earnings release
- more Lumos Networks news

Aug. 3

Shenandoah Telecommunications (Nasdaq: SHEN)
Shentel reported steady wireline revenue and an increase in the number of DSL customers during the second quarter of 2012, even as the company continued to add voice customers to its triple play voice, video and data cable broadband package.
- see this article
- and the earnings release
- more Shentel news

TDS Telecom (NYSE: TDS)
The wireline ILEC division of Telephone & Data Systems reported that wireline revenue rose on strong gains in managedIP for businesses and residential triple play bundle services. During the quarter, TDS Telecom reported $208.5 million in revenues, up from $198.9 million in Q1 2012.
- see this article
- and the earnings release
- more TDS Telecom news

Aug. 7

tw telecom (Nasdaq: TWTC)
Total revenues for tw telecom in the second quarter grew 1.6% sequentially over Q1 2012 and 7.7% year over year. The Littleton, Colo.-based company's revenue rose 1.6 percent sequentially to $364.5 million, up from $358.9 million from Q1 2012 and 7.7 percent on a  year-over-year basis from $338.4 million in the second quarter last year.
- see this article
- and the earnings release
- more tw telecom news

Aug. 8

Bell Canada (NYSE: BCE)
The parent company of Bell Canada reported its second-quarter 2012 earnings rose 31 percent. For the quarter, the telco reported earnings of CAD 773 million (USD 778 million) or 1 cent per share.
- see this article
- and the earnings release (PDF)
- more Bell Canada news

CenturyLink (NYSE: CTL)
For the quarter, CenturyLink's operating revenues were $4.61 billion, up from $4.41 billion in Q2 2011. The service provider said the revenue increase was the result of $278 million of revenue contributions from the Savvis acquisition it completed last July in addition to consumer broadband and its emerging Prism IPTV service.
- see this article
- see the earnings release
- more CenturyLink news

Cincinnati Bell (NYSE: CBB)
The Ohio-based service provider said that Q2 2012 revenue was $368 million, up from $363 million in Q1 2012. Company operating income was $65 million compared to $78 million in Q2 2011, while net income of $5 million resulted in diluted earnings per share of 1 cent compared to 5 cents in the second quarter of 2011, both down from 2011 due primarily to a $13 million non-cash impairment write-down of assets.
- see this article
- and the earnings release
- more Cincinnati Bell news

Aug. 9

Hawaiian Telcom (Nasdaq: HCOM)
The telco's Q2 revenue was $94.7 million, down from $100.7 million in the same period a year ago due to what it says was a large sale of customer premise equipment to one government customer and a 6 percent decline in access lines. However, the landline losses were partially offset by revenue growth from video, broadband Internet and business data services.
- see this article
- and the earnings release
- more Hawaiian Telcom news

Windstream (Nasdaq: WIN)
Windstream reported that costs related to the completion of its PAETEC acquisition drove down second-quarter 2012 net income, while revenue rose. For the quarter, net income declined 44 percent, to $54 million, or 9 cents per share, down 44 percent, from the $97 million, or 19 cents per share, from Q2 2011.
- see this article
- and the earnings release
- more Windstream news

Aug. 10

WVT Communications Group (Nasdaq: WWVY)
Warwick Valley Telephone, which now refers to itself as WVT Communications (Nasdaq: WWVY), reported on Friday that its Q2 earnings rose 19 percent year-over-year due to ongoing sales of cloud and unified communications (UC) services.
- see this article
- selected slides from the investor presentation
- and the earnings release
- more WVT news

Aug. 15

Cisco (Nasdaq: CSCO)
Cisco Systems reported that its fiscal Q4 2012 earnings rose 4 percent year-over-year to $11.7 billion. The company said that the majority of the revenue growth came from the sales of three key product segments: IP routers, wireless, and data center equipment.
- see this article
- and the earnings release
- more Cisco news

Aug. 30

Ciena (Nasdaq: CIEN)
Ciena posted a $29.8 million net loss (30 cents per share) in the third quarter—still lower than the $31.5 million (33 cents per share) in the second quarter—on revenue of $474.1 million and predicted fourth quarter revenue between $455 million and $480 million, well below analyst expectations of $499.7 million. The third quarter adjusted loss was 4 cents per share vesus analyst estimates of 2 cents.
- see this article
- and the earnings release
- more Ciena news