Sizing up the wireline industry in the third quarter 2010

How did the wireline industry perform in the third quarter of 2010? Check here throughout the third quarter earnings report season for full earnings reports from the wireline industry's service providers and network equipment manufacturers.

Take a look at our Tier 1/2 telco earnings chart for Q3 2010.

Also, don't forget to check out our third quarter 2009, fourth quarter 2009 and first quarter 2010 and second quarter 2010 wrapup pages.

Oct. 13
ADTRAN (Nasdaq: ADTN)
ADTRAN's decision to focus on selling its wares to tier 2-3 telcos that are leveraging broadband stimulus funding grants to build out broadband services to underserved and unserved areas paid off in Q3 as the company's sales rose 27 percent to $162 million.  

- see this article
- see this release
- more ADTRAN news

Oct. 19
Juniper (NYSE: JNPR)
Not surprisingly, news of the lower-than-expected revenue results drove the networking company's shares down 12 percent in late trading on Tuesday to $26.93. During the third quarter, Juniper reported $1.01 billion, falling slightly below analyst's expectations of $1.02 billion. However, Juniper's Q3 net income rose 61 percent to $134.5 million, or 25 cents a share, from $85.8 million, or 16 cents a share, in 2009.

- see this article
- and this release
- more Juniper news

Oct. 21
AT&T (NYSE:T)
Revenue and profits rose up in Q3 with gains in its wireless business, U-verse and IP-based business services. Overall, AT&T reports $31.6 billion in revenues, up 2.8 percent or $847 million, from Q3 2009. The wireline segment benefitted in Q3 with the first year-over-year growth in consumer revenues in over two years, ongoing expansion of U-verse services and sustained strategic business service growth.

- see this article
- and the earnings release
- more AT&T news

Calix (NYSE: CALX)
Buoyed by a surge of customer wins deploying their platforms for new broadband stimulus projects, Calix saw its revenue rise to $75.5 million in Q3, up 27 percent from revenue reported for Q3 2009 of $59.6 million.  In particular, Carl Russo, Calix' president and CEO, said what contributed to Q3 growth was a number of customer wins for its E7 Ethernet Services Access platform and a number of new product releases.

-  see this article
- and the earnings release
- more Calix news

Colt (LSE: COLT.L)
The European business service provider is upbeat about its 2010 prospects after Q3 earnings rose above 5 percent, slightly ahead of analyst expectations.  But while its earnings were up, company revenues declined 1.8 percent to $545 million, due to lower voice sales and flat data growth. Third quarter core earnings before interest, tax, depreciation and amortization rose 5.4 percent to EUR 84 million ($117.8 million). Analysts forecast results of EUR 80.6 million ($112 million).
- see this article
- see the earnings release
- and this related news release

Oct. 22
Verizon (NYSE:VZ)
The service provider reported net income of $881 million (31 cents per share), compared to $1.18 billion (41 cents per share) a year ago. Third-quarter 2010 results included 25 cents per share in non-operational charges, the largest of which was a non-cash charge related to pension settlements. The company said that excluding the one-time charge for a pension settlement would have put EPS at 56 cents.

- see this article
- and the earnings release
- more Verizon news

Oct. 26
Occam Networks (Nasdaq: OCNW)
Occam Networks continued to ride the broadband stimulus wave in Q3 as revenue rose to $29.8 million, up from $23.8 million in Q2 2010 and $21.7 million it reported in Q3 09. Company Q3 gross margin was $11.9 million, or 40 percent of revenue, compared with $9.8 million, or 41 percent of revenue, for Q2 2010. Similar to Q2, the contributor to Occam's Q3 results were a number of broadband stimulus and non-stimulus broadband contracts and a new product set.
- see this article
- and the earnings release
- more Occam Networks news

Tellabs (Nasdaq: TLAB)
Tellabs' Q3 results and Q4 outlook was yet another tale of ups and downs that continue to affect the telecom vendor community. On the positive side, company revenue rose to $229 million, up from $389 million, up 10 percent from the $389 million it reported in Q3 2009. Quarterly profit rose to $59 million from $28 million in Q3 2009, while earnings per share were 16 cents, beating out analyst estimates polled by Thomson Reuters I/B/E/S of 14 cents.
- see this article
- and the earnings release (PDF)
- more Tellabs news

Telmex ((NYSE: TII)
Telmex may be Mexico's dominant service provider, but a 21.5 percent year-on-year decline in net profit illustrates the larger competitive threat with cable operators and competitive wireless operators eating away at its once-sacred wireline voice base. Net income fell from $387 million in Q3 09 million to $305 million in Q3 2010, while revenue declined 3.2 percent from $2.38 billion to $2.31 billion.
- see this article
- more Telmex news


Oct. 27
Sprint Nextel (NYSE:S)
Sprint Nextel may have posted its first year-over-year revenue increase in years with the addition of 644K new wireless subscribers, but wireline revenues took a 12 percent hit year-over-year due to reduced voice volume and reduced data and IP service rates. Overall, Sprint's total revenue rose 1.4 percent to $8.15 billion, the first year-over-year revenue growth in three years.
- see this article
- and the earnings release
- more Sprint news

Oct. 28
America Movil (NYSE: AMX)
The consolidation of Carlos Slim's telecom empire--Telmex and regional fixed line group Telint--under the America Movil umbrella was on display this week as the company released its Q3 2010 results. During the third quarter, the newly combined company reported $12.33 billion, up 5.3 percent year-on-year, with wireless services and broadband growth making up for flat wireline voice revenue.
- read this article
- more America Movil news

Level 3 Communications (Nasdaq: LVLT)
While revenue did decline again, Level did surpass analyst's expectations of a loss of 11 cents a share on $909 with $912 million. What's more, Level 3 narrowed its losses from $169 Q3 09 to $163 million, or 10 cents a share.
- read this article
- and the earnings release
- more Level 3 news

SureWest (Nasdaq: SURW)
Broadband residential and business services drove growth in the third quarter for SureWest Communications, the company announced Thursday, with a 9 percent year over year growth to $3.7 million in broadband revenues. Traditional fixed-line telecom revenues declined 11 percent, or $2.1 million, from the same period last year. Consolidated revenue rose 3 percent to $61.1 million.
- see this article
- and the earnings release
- more SureWest news

Nov. 3
Bell Aliant (Toronto: BA-UN.TO)
Bell Aliant faced the typical wireline POTS declines, a factor that attributed to a 3.1 percent decline in its Q3 2010 revenue to $762 million. Similarly, Bell Aliant's operating income also declined 2 percent to $195 million, a factor it attributes to lower revenues that were partly offset by opex reductions.
- see this article
- and the earnings release
- more Bell Aliant news

CenturyLink (NYSE: CTL)
CenturyLink once again rode the ongoing landline loss trend in Q3 as consumers cut the PSTN cord in favor of a wireless phone to save money on their communications spend. One thing that did help CenturyLink during Q3 was that its acquisition of Embarq was breeding cost savings. However, CenturyLink's Q3 revenue declined 6.8 percent to $1.75 billion, topping analyst forecasts of $1.74 billion.
- see this article
- and the earnings release
- more CenturyLink news

Qwest (NYSE: Q)
Qwest's ongoing focus on broadband services enabled the service provider to beat analyst expectations in the third quarter. Although the telco saw an 11 percent annual decline in its legacy voice business, strategic services revenue was up eight percent year over year versus a six percent increase in Q2 2010. Consolidated net operating for the quarter was $2.9 billion.
- see this article
- and the earnings release
- more Qwest news

tw telecom (Nasdaq: TWTC)
tw telecom continues to see the benefits of the ongoing adoption of enterprise data and Internet services, particularly Ethernet, with $320.3 million in Q3 2010 revenues. The competitive provider's results represent a 5 percent year over year increase from $304 million in the same quarter last year.
- see this article
- and this conference call summary
- and the earnings release
- more tw telecom news

Nov. 4
Alcatel-Lucent (NYSE:ALU)
Alcatel-Lucent's CEO and President Ben Verwaayen's plan to turn the company towards a path of profitability certainly were on display in Q3 2010. During the third quarter, Alcatel-Lucent reported its first profitable quarter in 2010. Aided by a one-time tax benefit related to pension plans in addition to an increase in sales, the vendor reported a profit of $35.3 million, compared with a loss of $257 million in Q3 09.
- see this article
- and the earnings release
- more Alcatel-Lucent news

Bell Canada (NYSE: BCE)
Bell Canada may have taken a hit in Q3 with shrinking wireline voice revenue, but gains in wireless, TV and broadband data enabled it to surpass C$4.52 billion (US$4.49 billion) versus analysts' C$4.43 billion (US$4.39 billion) forecast.
- see this article
- and the earnings release
- more Bell Canada news

MTS Allstream (Toronto: MBT.TO)
Manitoba Telecom Services (MTS Allstream) saw a series of ups and downs during the third quarter as net profit rose 53 percent to $42.8 million, while consolidated revenues declined from CAD452.3 million in Q3 09 to CAD446.3 million. However, MTS did report that total sales rose slightly over Q2 2010 (CAD443.1 million) and CAD442.0 million in Q1 2010.
- see this article
- and the earnings release (PDF)
- more MTS Allstream news

Windstream (Nasdaq: WIN)
Gains in broadband and business services drove up Windstream's (Nasdaq: WIN) Q3 revenues up to $966 million, a 32 percent increase from Q3 2009. The ILEC reported $85 million in net income, a 7 percent increase over Q3 2009, while capital expenditures were $113 million, a 68 percent increase year-over-year.
- see this article
- and the earnings release
- more Windstream news

Nov. 5
Telus (Toronto: T.TO)
Telus' 12 percent Q3 profit decline may appear disastrous, but the service provider was able to save the day with strong gains in both video and broadband access services. The western Canadian service provider reported that Q3 revenue was C$247 million (US$245 million), down from C$280 million in Q3 2009. Telus' revenue of C$2.46 billion narrowly missed analyst's expectations of C$2.47 billion.
- see this article
- and the earnings release
- more Telus news

Nov. 8
Frontier (NYSE: FTR)
Frontier Communications felt the sting of its Verizon landline acquisition in Q3 as it incurred $78.5 million in costs related to its acquisition of the RBOC's rural landline operations in 14 states. Although the Verizon deal did help drive up Frontier's revenue, profits fell short of analyst's forecasts. Frontier reported a profit of $29 million, down from $52.2 million, or 17 cents a share, from Q3 2009. A Thomson Reuters poll of financial analysts forecast earnings of 10 cents on $1.41 billion in revenue.
- see this article
- and the earnings release
- more Frontier news

Nov. 15
XO Communications (OTC BB: XOHO.OB)
XO's (OTC BB: XOHO.OB) Q3 earnings showed that its transition towards a broadband-driven business model is a work in progress. During the quarter, XO reported that total revenue was $385.7 million, an increase of $3.7 million, or 1 percent, compared to Q3 2009. However, Q3 net income was $12.4 million, a $6.6 million decline, or 35 percent compared to net income of $19.0 million in Q3 2009.
- see this article
- and the earnings release
- more XO Communications news

Sizing up the wireline industry in the third quarter 2010
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