With consumers abandoning their landline phone connections by defecting to cable or going all-wireless, the Q1 2010 tier one wireline service provider results will likely reflect ongoing landline erosion with ongoing growth in IP and wireless services.
A Wall Street Journal article, citing a Thomson Reuters poll, plotted out these possible results for AT&T, Qwest and Verizon:
- AT&T: When AT&T reports earnings on April 21st, the poll forecasts AT&T to report earnings of 54 cents a share on $30.72 billion in revenue. Last year, AT&T reported 53 cents on $30.57 billion in revenue. Likely contributors to AT&T's revenue figures will be growth of IP-based business and consumer services and wireless services, which will now be facing greater challenges as other wireless operators start offering the iPhone on their networks.
- Qwest: Analysts forecast that on May 5th, Qwest will report earnings of 9 cents a share on $2.94 billion revenue, down from 12 cents a share and $3.17 billion. After spending much of 2008 and 2009 focusing on cost cutting, Qwest is now focusing on company growth. Key areas of growth include wireless backhaul, managed services and online video.
- Verizon: Analysts forecast on April 22nd that the New York-based telco reports earnings of 56 cents a share on revenue of $26.97 billion. One of the big considerations in Verizon's wireline side will be the winding down of its FiOS build out.
FierceTelecom and its sister wireline and wireless publications will be reporting on telcos and vendor earnings. Stay tuned for coverage.
For more:
- Wall Street Journal has this coverage
Related articles:
AT&T: Wireless, IP-based data drive Q4 09 performance
Qwest: Q4 09 revenue declined, but 2010 is looking up
Verizon Q4 09: Wireline losses drive more job cuts