Wireline in the second quarter 2011

Wireline earningsHow did the wireline industry perform in the second quarter of 2011?

Check here throughout the second quarter earnings report season for full earnings reports from the wireline industry's service providers and network equipment manufacturers.

Also, don't forget to check out our third quarter 2010, fourth quarter 2010, and first quarter 2011 wireline wrap-up pages. And check back in throughout the earnings season to see all of FierceTelecom's related Q2 2011 earnings.

July 12
ADTRAN (Nasdaq: ADTN)
ADTRAN's ongoing earnings roll continued into Q2 2011 as the Huntsville, Ala.-based telecom vendor reported a 33 percent increase in net income to $36.9 million, but it's Q2 outlook was less than stellar.
- see this article
- and the earnings release
- more ADTRAN news

July 20
8x8 (Nasdaq:EGHT)
Hosted VoIP provider 8x8 rang up another strong quarter, reporting its first quarter fiscal 2012 set record revenue levels for the quarter of $18.5 million, 10 percent better than the $16.8 million it reported a year ago.
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- and the earnings release
- more 8x8 news

Telmex (NYSE: TMX)
Mexican incumbent Telmex (Telefonos de Mexico) saw its second quarter earnings report reflect the continuing downward spiral of traditional fixed wireline voice profits. Net income fell 11.8 percent to MXN 3.15 billion (USD 270.8 million), with overall voice revenue dropping 7.9 percent. Total revenue fell 2.9 percent to MXN 27.61 billion (USD 2.32 billion).
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- more Telmex news

July 21
AT&T (NYSE: T)
AT&T may be seeing continued growth with new consumer IP-based services like U-verse, but that growth wasn't enough to stall a 3.2 revenue decline in its Q2 wireline unit's results. Total wireline revenues were $14.9 billion, down 3.2 percent versus the year-earlier quarter but stable sequentially.
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- and the earnings release
- more AT&T news

Calix (NYSE: CALX)
With its acquisition of Occam Networks firmly in its pocket, Calix continues to find financial benefits as second quarter revenue was $98 million, up 36.7 percent over the $71.7 million it brought in during the same period a year ago.
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- and the earnings release
- more Calix news

July 22
Polycom (NASDAQ:PLCM)
Video conferencing specialist Polycom reported record revenues for the second quarter and said earnings more than doubled from a year ago.
- see this article
- here's the earnings release
- more Polycom news 

Verizon (NYSE: VZ)
Much like its fellow RBOC counterpart AT&T, Verizon saw its biggest wireline gains in the second quarter from ongoing consumer adoption of its Fiber to the Premises (FTTP)-based FiOS service and its continual bet on next-gen business cloud services. While Q2 2011 wireline operating revenues declined 0.3 percent to $10.2 billion from Q2 2010, those losses were an improvement over the 2.2 percent Q1 2011 to Q1 2010 period, beating analyst expectations of $10.18 billion.
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- and the earnings release
- more Verizon news

July 26
Tellabs (Nasdaq: TLAB)
Tellabs is being forced to hand out pink slips to about 330 workers, or 10 percent of its workforce, as the vendor reported that its Q2 revenue dropped 21 percent year-over-year from $423 million to $334 million. A big contributor to Tellabs' Q2 revenue decline was a 46 percent plunge in North American revenue compared to the same period last year. However, there was one bright spot as international revenue was up 70 percent when compared with Q2 2010.
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- and the release (PDF)
- more Tellabs news

Juniper Networks (NYSE: JNPR)
Juniper's stock took a hit after its Q2 2011 results failed to meet analyst expectations, a result of large telco customers delaying new equipment purchases. Yesterday, Juniper's shares were down 16 percent in German trading and closed at $37.17 in trading on the New York Stock Exchange.
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- and the earnings release
- more Juniper news

July 27
Bell Aliant (Toronto: BA-UN.TO)
Bell Aliant may have seen a slight 1 percent dip in Q2 2011 revenues to CAD 693 million (USD 734 million), but strong growth in broadband and IPTV drove it to increase its full year revenue guidance.
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- and the earnings release
- more Bell Aliant news

Level 3 Communications (Nasdaq: LVLT)
Level 3's (Nasdaq: LVLT) ongoing moves to contain costs helped drive up its consolidated Q2 2011 revenue to $932 million, up from $929 million for the first quarter 2011 and $908 million for the second quarter 2010.
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- and the earnings release
- more Level 3 news

July 28
Alcatel-Lucent (NYSE: ALU)
Alcatel-Lucent may have reported a net profit of $61.49 million and revenues of $5.5 billion in Q2 2011, but neither was enough to prevent its stock price from taking a dive due to potential margin erosion.
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- and the earnings release
- more Alcatel-Lucent news

BT (NYSE: BT)
BT saw its share of growing pains in its fiscal first quarter as revenue declined by 5 percent to £4.76 million (USD 7.75 million) while broadband subscribers continued to rise.
- see this article
- and the earnings release
- more BT news

SureWest Communications
(Nasdaq: SURW)
SureWest saw the fruits of its broadband-focused labor pay off in Q2 2011 as consolidated revenues rose 1 percent year-over-year to $61 million. Driven by growth in its Kansas City, Mo. market, SureWest's broadband revenues grew by $2.9 million, or 7 percent, more than offsetting expected telecom revenue declines of $2.5 million, or 14 percent.
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- and the earnings release
- more SureWest news

Sprint (NYSE: S)
Sprint's wireless star may be shining brightly with almost 1 million new wireless subscribers in Q2, but on the wireline side, its results illustrate the challenges of replacing legacy revenue (Frame Relay) with IP (VoIP and IP/MPLS) revenues. During the second quarter, Sprint's wireline revenue declined 14 percent year-over-year.
- see this article
- and the earnings release
- more Sprint news 

August 3
CenturyLink (NYSE: CTL)
CenturyLink (may have become the third largest ILEC when it completed its purchase of the former Qwest Communications in April, but that move is marked by growing pains as it reported a decline in quarterly profit and a lower than expected Q3 2011 outlook. During Q2, CenturyLink reported a profit of $102 million, or 17 cents per share, compared with $238 million, or 79 cents per share, in the same period in 2010.
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- and the earnings release
- more CenturyLink news

Frontier Communications (NYSE: FTR)
With one year since the acquisition of Verizon's rural lines now under its belt, Frontier Communications reported that while revenue in the second quarter of 2011 dipped to $1.3 billion, that figure was up from $516.1 million in Q2 2010.
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- and the earnings release
- more Frontier news

Vonage (NYSE: VG
Buoyed by reducing its interest expenses by $7 million and $7 million in additional income from operations, Internet phone service provider Vonage reported second quarter earnings that beat analyst estimates, despite a dip in revenue.
- see this article
- here's the earnings release
- more Vonage news

August 4
Bell Canada (NYSE: BCE)
Revenues for Bell Canada may have risen 13.5 percent year-on-year to CAD 4.36 billion (USD 4.50 billion) in Q2 2011 but unfortunately that wasn't enough to prevent its shares from declining 2 percent.
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- and the earnings release
- more Bell Canada news

Cincinnati Bell (NYSE: CBB)
Cincinnati Bell's bet on data center services continues to be a saving grace for the company. The service provider reported that Q2 2011 revenues were $368 million, a 9 percent increase over Q2 2010, a factor it attributes to an 83 percent increase in data center revenue and a 22 percent increase in IT Services and Hardware sales. This is a continuation of a theme that Cincinnati Bell saw in Q1 2011.
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- and the earnings release
- more Cincinnati Bell news

August 5
MTS Allstream (Toronto: MBT.TO)
While MTS Allstream's revenue grew to CAD 443.7 million (USD 447.4 million), up slightly from the CAD 439 million (USD 442.7 million) it reported in Q1 2011, the big area of growth was seen in earnings per share, which rose 40.7 percent to 76 cents, and net income, which rose 41.5 percent to CAD 49.8 million (USD 50.2 million).
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- and the earnings release
- more MTS Allstream news

Windstream (Nasdaq: WIN)
Windstream may be suffering the industrywide woes of traditional wireline voice line loss, but the independent ILEC's gains in broadband and video more than made up for it with a higher than expected Q2 profit.
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- and the earnings release
- more Windstream news

August 8
TDS Telecom (NYSE: TDS)
TDS Telecom is once again seeing the fruits of its broadband and managed services labor pay off as Q2 2011 revenue remained stable at $199 million. From a corporate perspective, Telephone and Data Systems revenue (TDS), which includes US Cellular and TDS Telecom, rose 4 percent to $1.4 billion.
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- and the release
- more TDS Telecom news

Telus (Toronto: T.TO)
Telus' ongoing moves to expand its wireless and wireline service portfolios helped drive Q2 2011 revenue up 6.4 percent to CAD 2.55 billion (USD 2.56 billion).
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- and the earnings release
- more Telus news

August 9
tw telecom (Nasdaq: TWTC)
tw telecom saw the benefits of its business-centric services focus in Q2 2011 take shape as the service provider reported that revenue grew 1.8 percent to $338.4 million.
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- and the earnings release
- more tw telecom news

FairPoint Communications (Nasdaq: FRP)
During Q2 2011, FairPoint reported revenue of $262.6 million, down from $271.6 million a year earlier, due primarily to the result of a 9.3 percent year-over-year decline in traditional PSTN lines.
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- and the earnings release
- more FairPoint news

August 10
Cisco (Nasdaq: CSCO)
During the quarter, Cisco reported $11.2 billion in sales, sailing past analysts' $11 billion forecasts. At the same time, net income declined to $1.23 billion, or 22 cents a share, from $1.94 billion, or 33 cents, in the same period last year.
- see this article
- and the earnings release
- more Cisco news

August 15
Hawaiian Telcom (Nasdaq: HCOM)
Now that the dark days of bankruptcy are behind it, Hawaiian Telcom appears to be making up for lost time, posting its second consecutive quarterly profit this week. The company reported a $6.7 million profit for the second quarter of 2011, a $1.2 million improvement on its first quarter profit of $5.5 million.
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- and the earnings release
- more Hawaiian Telcom news

Wireline in the second quarter 2011
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