The third-quarter 2016 earnings reporting season has begun, and FierceTelecom is tracking how key players in the wireline telecom industry performed. Check here throughout the reporting season for updates on providers, vendors and integrators in this segment.
Also, our colleagues at FierceWireless are tracking the second-quarter results of the major players in the wireless industry, as is FierceCable for the cable industry.
Finally, don't forget to look at our reports from the first half of the year: Q2 2016 and Q1 2016; as well as the previous quarters from the past two years: Q4 2015, Q3 2015, Q2 2015, Q1 2015, Q4 2014, Q3 2014, and Q2 2014.
Oct. 19
Adtran
From an overall financial perspective, Adtran reported $168.8 million in revenues, up 7 percent year-over-year from $158 million in the same period a year ago. Within the revenue mix, Adtran reported that network solutions revenue declined year-over-year to $136.2 million, while services and support were $32.6, up from $19 million in third quarter 2015.
- see our coverage
Oct. 20
Verizon
Verizon’s overall total third-quarter 2016 revenues were a bit of a disappointment, declining 6.7 percent year-over-year to $30.9 billion.
- see our coverage
- visit Verizon's investor relations page
Oct. 25
AT&T
AT&T’s third quarter revenues were flat, as growth in video and IP-based services was offset by pressure in mobile and legacy services. Operating profit still rose to $6.4 billion versus $5.9 billion, and the adjusted operating margin was stable year-over-year at 20.3 percent.
-see our coverage
- visit AT&T's investor relations page
Juniper Networks
Juniper reported $1 billion in total revenues, surpassing its outlook and up sequentially across all technologies and geographies.
- see our coverage
- visit Juniper's investor relations page
Oct. 26
Infinera
Infinera reported revenues of $185 million, down 20 percent year-over-year and 28 percent sequentially. The vendor said that its top five customers in the quarter consisted of two Tier 1 carriers, two cable operators and a wholesale and enterprise carrier.
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- visit Infinera's investor relations page
Oct. 31
CenturyLink
CenturyLink reported third quarter core revenues of about $3.9 billion. The telco’s third quarter net income and diluted earnings per share (EPS) was $152 million and 28 cents, respectively, down year-over-year from $205 million and 37 cents.
- see our coverage
- visit CenturyLink's investor relations page
Level 3 Communications
Level 3, which is in the process of being acquired by CenturyLink, reported that soft sales during the quarter resulted in revenues dropping year-over-year to $2.03 billion from $2.06 billion.
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- visit Level 3's investor relations page
Nov. 1
Frontier Communications
Frontier reported total revenue of $2.52 billion and operating income of $264 million, down sequentially from $2.61 billion in the second quarter.
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- visit Frontier's investor relations page
Nov. 2
Cincinnati Bell
Cincinnati Bell reported $312 million in consolidated third quarter revenue, up 4 percent, or $12 million, from the prior year. Cincinnati Bell said this increase was the result of an 18 percent growth in strategic products.
-see our coverage
- visit Cincinnati Bell's investor relations page
FairPoint Communications
FairPoint Communications reported $207.1 million, down from $221.6 million as price increases and broadband speed upgrades could not offset continued line losses and lower regulatory funding. Net income declined to $40.2 million from $53.1 million, as higher taxes offset higher operating income.
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- visit FairPoint's investor relations page
Nov. 3
Consolidated Communications
Consolidated reported total revenue of $191.5 million, down from $194 million in the same period a year ago. Consolidated noted that growth in strategic revenues were offset by declines in legacy voice revenues, network access and subsidy step-downs from CAF-II and Texas USF support.
- see our coverage
- visit Consolidated's investor relations page
Hawaiian Telcom
Hawaiian Telcom reported revenue of $97.8 million, down from $100.9 million in the third quarter of 2015. The telco said the decline was due partly to an additional $1.1 million received in 2015 for government subsidies from the FCC’s CAF-II program to expand broadband availability.
- see our coverage
- visit Hawaiian Telcom's investor relations page
Nov. 4
TDS Telecom
TDS Telecom’s parent company Telephone and Data Systems reported total operating revenues of $1.3 billion for the third quarter of 2016, versus $1.37 billion for the same period one year ago.
- see our coverage
- visit TDS Telecom's investor relations page
Nov. 7
EarthLink
EarthLink, which is being acquired by Windstream, reported that total revenue for the quarter was $235.1 million, down from $270.9 million in the same period a year ago
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- visit the investor’s relations page
Shenandoah Telecom
Shentel reported total revenue of $156.8 million, up 84.1 percent from $85.2 million for the third quarter of 2015.
- see our coverage
- visit Shenandoah's investor relations page
Windstream
Windstream reaffirmed its previously provided service revenue guidance of $5.27 billion to $5.42 billion and adjusted OIBDAR of $1.90 billion to $1.95 billion. Adjusted capital expenditures are expected to be between $800 million and $850 million.
- see our coverage
- visit Windstream's investor relations page
Nov. 9
Lumos Networks
Lumos reported that total revenue in the third quarter of 2016 was $51.8 million, up nearly 2 percent from the third quarter of 2015.
- see our coverage
- visit Lumos' investor relations page
Zayo Group
Zayo reported total revenues of $504.9, down slightly sequentially from $507 million in the previous quarter due to lower results from the Allstream assets in Canada that the service provider is currently integrating into its fold.
- see our coverage
- visit Zayo Group's investor relations page
Nov. 14
CS&L
CS&L reported total third quarter revenues of $200.2 million and a net loss of 3 cents per diluted common share.
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- visit CS&L’s investor relations page
Nov. 16
Cisco
Cisco reported total first quarter 2017 revenue of $12.4 billion, down from $12.68 billion.
- see our coverage
- visit Cisco’s investor relations page
Nov. 22
Dycom
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- visit Dycom’s investor relations page
For the first quarter of 2017, Dycom’s total contract revenues from acquired businesses were $56.6 million for the third quarter, compared to $29.9 million for the third quarter of 2015. The company reported that total first-quarter 2017 (PDF) contract revenues were $799.2 million, up year-over-year from $659.3 million in the same period a year ago.