I found 11 Big Telecommunication Corps with Pretax Income of at least $100 mil in the most recent quarter.
These 11 Big Telecommunication Corps generated Total Pretax Income growth of 12% in the most recent 3Q 2011, a substantial acceleration from the 2Q 2011 earnings growth of only 1%.
A main driver of this earnings growth acceleration was AT&T. Also, Sprint Nextel losses were cut sharply in the 3Q 2011.
Below here are these 3Q 2011 Pretax Earnings (PTI), along with a comparison with the prior year’s quarter amounts.
...........................................................................Increase
................................................PTI........PTI.......(Decrease)
.................................................3Q.........3Q..................
...............................................2011......2010....Amount....%
.................................................(millions of dollars)
AT&T 5,585 5,043 542 11%
Verizon Comm(1) 4,427 4,064 363 9%
CenturyLink 234 372 (138) -37%
American Tower(2) 150 164 (14) -9%
Telephone&Data Systems 142 83 59 71%
Windstream(3) 131 135 (4) -3%
NII Holdings(4) 120 146 (26) -18%
US Cellular 113 70 43 61%
METROPCS 108 127 (19) -15%
Qwest Communic(5) 65 247 (182) -74%
Sprint Nextel (289) (858) 569 66%
Total all 11 10,786 9,593 1,193 12%
(1) Verizon Communications PTI in both years exclude Pension Remeasurement Losses.
(2) American Tower 2011 PTI excludes Foreign Exchange Transaction Losses.
(3) Windstream 2011 PTI excludes Loss on Debt Extinguishment.
(4) NII Holdings PTI in both years excludes Foreign Exchange Transaction Gains and Losses.
(5) Qwest Communications 2010 PTI excludes Loss on Embedded Option in Convertible Debt.
