Wireline in the third quarter 2011

Third quarter earnings 2011How did the wireline industry perform in the third quarter of 2011?

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

Also, don't forget to check out our fourth quarter 2010, first quarter 2011 wireline, and second quarter 2011 wrap-up pages. And check back in throughout the earnings season to see all of FierceTelecom's related Q3 2011 earnings.

For more coverage, check out earnings summaries from FierceIPTV and FierceCable.

Oct. 12

ADTRAN (Nasdaq: ADTN)
ADTRAN's stock is down slightly after reporting lower than expected Q3 2011 results and a lower than expected Q4 outlook, breaking a multi-quarter streak.
- see this article
- and the earnings release
- more ADTRAN news

Oct. 18

Juniper Networks (NYSE: JNPR)
Juniper Networks' dedication to cost cutting paid off in the third quarter as the vendor reported that net revenues rose 9 percent to $1.10 billion on a year-over-year basis, surpassing analyst expectations of $1.09 billion.
- see this article
- and the earnings release
- more Juniper news

Oct. 19

8x8 (Nasdaq:EGHT)
VoIP provider 8x8 (Nasdaq: EGHT), which saw record revenues last quarter, reported record sales for its fiscal second quarter of 2012, but missed analyst estimates on earnings per share by 2 cents.
- see this article
- see this release
- more 8x8 news

Polycom (NASDAQ:PLCM)
Videoconferencing specialist Polycom (Nasdaq: PLCM) was the latest company to be punished by Wall Street for missing third quarter estimates. The company, which reported record revenues for the quarter, nonetheless saw share prices in late trading decline by double digits.
- see this article
- see this release
- more Polycom news 

Oct. 20

ADVA Optical Networking (XETRA: ADV.DE)
ADVA's focus on growing out its Ethernet access business to target mobile backhaul and other long-haul WDM optical networking opportunities continues to pay off as the European vendor reported that Q3 2011 revenues rose 1.9 percent to €79.3 million ($108.5 million).
- see this article
- and the release
- more ADVA news

AT&T (NYSE: T)
AT&T's wireline success in Q3 2011 was largely driven by ongoing growth in its U-verse IPTV and IP-based business services.
- see this article
- and the news release
- plus these selected slides from AT&T's presentation
- more AT&T news

Calix (NYSE: CALX)
The Rural Utilities Service's (RUS) decision to extend the deadline to complete broadband stimulus-related projects had the unfortunate effect of eating into Calix's third quarter 2011 results. Calix reported that Q3 2011 revenue was $83.7 million, an 11 percent increase over $75.5 million in Q3 2010.
- see this article
- and the news release
- more Calix news

Oct. 21

Verizon (NYSE: VZ)
The wireline segment may have faced a number of challenges as it wrapped up the third quarter, but that did not get in the way of the service provider reporting gains in its consumer and business segments. Verizon reported Q3 wireline operating revenues of $10.1 billion, down 1.3 percent on a year-over-year basis from Q3 2010.
- see this article
- and the earnings release
- more Verizon news

Oct. 25

Tellabs (Nasdaq: TLAB)
Tellabs has yet to see its fortunes turn upward as the vendor reported $314 million in Q3 2011 revenue, down from $430 million in the same quarter a year ago.
- see this article
- and the earnings release (PDF)
- more Tellabs news

Oct. 26

Sprint (NYSE: S)
Sprint may have seen some positive gains on its wireless side, but the company's ongoing migration to an IP-based network continues to cause pain on the wireline side with revenues declining 15 percent year-over-year to $1.1 billion.
- see this article
- and the earnings release
- more Sprint news 

Oct. 27

EarthLink (Nasdaq: ELNK)
EarthLink bet on enhancing its business services portfolio continues to pay off in Q3 as revenues rose 146 percent year-over-year. However, revenue declined sequentially by 2 percent, to $357.3 million. Buoyed by its acquisitions of ITC^Deltacom and One Communications, business services now represent 74 percent of EarthLink's Q3 2011 revenues versus only 23 percent a year ago.
- see this article
- and the earnings release
- more EarthLink news

SureWest Communications (Nasdaq: SURW)
During the quarter, SureWest reported revenue of $63 million in the quarter, up from $61.1 million a year ago, while net income was $643,000, down from $1.4 million in the same period last year. Meanwhile, basic and diluted earnings per share was 5 cents, down from 10 cents in Q3 2010.
- see this article
- and the earnings release
- more SureWest news

Telmex (NYSE: TMX)
The incumbent provider's revenues declined 3.8 percent to $266 million in the three months to the end of September, while revenue declined 2.9 percent year-over-year to at MXN 27.76 billion (USD 2.1 billion).
- see this article
- more Telmex news

Nov. 1

Bell Aliant (Toronto: BA-UN.TO)
Bell Aliant may be making a concerted effort to establish a larger portfolio of next-gen fiber and IP-based services, but wireline voice losses drove down company earnings to CAD 700 million (USD 698 million), down from CAD 704 million (USD 695.7 million) a year earlier.
- see this article
- and the earnings release
- as well as selected presentation slides
- more Bell Aliant news

Nov. 2

CenturyLink (NYSE: CTL)
CenturyLink's plan to transform itself from a small town landline telco and into a major national and international player via acquisitions showed signs of paying off in Q3 2011 as operating revenues more than doubled to $10.7 billion from $5.3 billion for the same period in 2010.
- see this article
- and the earnings release
- more CenturyLink news

FairPoint Communications (Nasdaq: FRP)
Like many traditional wireline carriers, Fairpoint saw traditional landline voice losses continue to eat into their revenue base while it ramped up more profitable services like broadband and wireless backhaul. During the quarter, the service provider reported revenue was $257.9 million, down from $262.2 million in Q2 2011.
- see this article
- and the earnings release
- more FairPoint news

Level 3 Communications (Nasdaq: LVLT)
Third quarter results were a bit of a mixed bag: The service provider surpassed Wall Street's revenue expectations, but its acquisition of Global Crossing contributed to wider quarterly losses. For the quarter, revenue rose 4 percent to $947 million, beating estimates of $942.1 million.
- see this article
- and the earnings release
- check out details from the investor presentation
- more Level 3 news

Vonage (NYSE: VG)
Vonage reported third quarter income tripled to $24 million, or 11 cents per share, on sales of $217 million, up $3 million from a year ago.
- see the earnings release (pdf)
- here's FierceEnterpriseCommunications' take
- more Vonage news

Nov. 3

Bell Canada (NYSE: BCE)
Bell Canada's bet on delivering TV service to its residential customers paid off in Q3 as net profit jumped to CAD 642 million (USD 631.7 million), up from CAD 454 million (USD 446.7 million) in Q3 2010.
- see this article
- and the earnings release
- some selected slides
- more Bell Canada news

BT (NYSE: BT)
For the quarter, BT reported that revenue declined 2 percent to £4.89 billion ($7.84 billion), while core earnings rose 3 percent to £1.5 billion ($2.40 billion). Despite lower overall sales, BT's results were helped by ongoing cost cutting, a process that drove up its core earnings 3 percent through September and free cash flow up 16 percent.
- see this article
- and the earnings release
- more BT news

Cincinnati Bell (NYSE: CBB)
During the three months ended Sept. 30, Cincinnati Bell reported net income of $17.6 million, or 7 cents a share, a 21 percent increase from the $14.5 million, or 6 cents a share, it reported in Q3 2010.
- see this article
- and the earnings release
- and selected data from the investor presentation
 - here's FierceIPTV's take
- more Cincinnati Bell news

Frontier Communications
(NYSE: FTR)
Frontier reported that Q3 net income was $20.4 million or $0.02 per share, down from $29.0 million in Q3 2010, a factor it attributes to the result of reduced operating income, partially offset by the benefit of lower income taxes.
- see this article
- and the earnings release
- here's FierceCable's take
- more Frontier news

MTS Allstream
(Toronto: MBT.TO)
For the quarter, the service provider reported CAD 443.2 million (USD 435 million) in revenue, down slightly from Q2 2011. Revenues for the first nine months of the year were CAD 1.3 billion (USD 1.28 billion).
- see this article
- and the earnings release (PDF)
- more MTS Allstream news

Telus (Toronto: T.TO)
Telus saw its Q3 revenues rise 6.5 percent to CAD 2.6 billion (USD 2.55 billion), a result of strong wireless and wireline growth in the quarter. Driven by strong data growth, the Canadian service provider's wireless revenue grew 9 percent, while wireline revenue grew 4 percent.
- see this article
- and the earnings release
- selected financial charts
- more Telus news

Nov. 4

Alcatel-Lucent (NYSE: ALU)
For the quarter, revenue slid 6.8 percent year-over-year and 2.7 percent sequentially to €3.8 billion ($5.17 billion). Analysts polled by Thomson Reuters I/B/E/S forecast €3.99 billion ($5.42 billion) and earnings before interest and tax (EBIT) of €158.5 million ($215.5 million).
- see this article
- and the earnings release
- more Alcatel-Lucent news

TDS Telecom (NYSE: TDS)
During the quarter, TDS Telecom reported that operating revenues increased 4 percent to $210.8 million, while operating income rose 2 percent to $25.2 million. ILEC revenue grew 6.9 percent, a factor it attributes to growth in its Hosted Managed Services (HMS) and high speed data, which offset declines in traditional voice services and network access.
- see this article
- and the earnings release
- details from the investor presentation
- more TDS Telecom news

Windstream (Nasdaq: WIN)
The service provider slightly missed its net income targets in the third quarter, while capex spending on M&A and integration rose. For the quarter, the ILEC's net income declined to $72 million, or 14 cents per share, from $85.2 million, or 18 cents per share, in Q3 2010.
- see this article
- and the earnings release
- details from the investor presentation
- more Windstream news

Nov. 7

tw telecom (Nasdaq: TWTC)
The service provider reported that Q3 revenue grew total revenue 1.8 percent sequentially and 7.5 percent year over year. For the quarter, the competitive provider reported $344.5 million in revenue, $125 million of modified EBITDA, and $14.6 million in net income.
- see this article
- and the earnings release
- more tw telecom news

Nov. 9

Cisco (Nasdaq: CSCO)
John Chambers' plan to put Cisco Systems back on a path of focused growth appears to be working as the networking vendor reported $11.3 billion in net sales for its fiscal first quarter that ended on Oct. 29, a 4.7 percent increase over the same period in 2010.
- see this article
- and the earnings release
- check out more details
- more Cisco news

Nov. 14

Hawaiian Telcom (Nasdaq: HCOM)
Hawaiian Telcom's former troubles continue to be nothing more than a footnote in its history, but ongoing landline losses drove down Q3 revenues to $97 million, down from $101.5 million in Q3 2010.
- see this article
- and the earnings release
- more Hawaiian Telcom news

Wireline in the third quarter 2011
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