Verizon sees net skid 46%, cuts forecast
Article Abstract:
Verizon Communications has reported net income and revenue figures for the quarter ending Sep. 30, 2001. Revenue was up to $17 billion compared to last year's $16.53 billion and income dropped to $1.9 billion down from last year's $3.5 billion. CFO Fred Salerno expects the company will reach a low point in mid-2002 because of the US economic slowdown but hopes a recovery will begin in late 2002.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 2001
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CEO at Qwest says outlook is 'pessimistic'; company expects sales, profit for quarter, year to fall below estimates
Article Abstract:
Joseph Nacchio, CEO of Qwest Communications International Inc., says he is 'pessimistic' about the company's fourth quarter earnings. The CEO of this telecommunications concern admits that they will make a profit and the sales are going smoothly, but they expect to fall below analysts' estimates.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 2001
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AT&T net surged 58% in 4th quarter; talks with Time Warner, others in cable industry are behind schedule
Article Abstract:
AT&T Corp. has reported phenomenal 4th quarter earnings, a 58% increase in profits and sales. It seems that they are jumping ahead of the rest of the telecommunication service companies who are desperately lagging behind.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1999
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