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.

Statistical Data Included, Company sales/revenue, Verizon Communications Inc., VZ

---

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.

Forecasts and trends, Beliefs, opinions and attitudes, Chief executive officers, Qwest Communications International Inc., QWST, Nacchio, Joseph

---

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.

AT&T Corp., T

Similar abstracts:

• Abstracts: Motorola says profits for 2nd quarter, year won't reach Wall Street estimates. Motorola's 3rd-period operating profit rose 66%
• Abstracts: Dell weighs offering computers priced under $1,000; PC company may sacrifice profit for sales, analysts say, as stock tumbles
• Abstracts: Northpoint Communications files for Chapter 11 creditor protection. Lucent launches series of measures to cut work force
• Abstracts: Campbell's new soup-to-go ads are directed at working women. ACNielsen gives 43 brands global status

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.