View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
April 22, 1997updated 05 Sep 2016 12:25pm

BELLSOUTH Q1 INCOME DOWN 29%, REVENUES UP 7%

By CBR Staff Writer

BellSouth Corp, Atlanta-based telecommunications company, reported first-quarter net income down 29% at $693m on revenue up 7% at $4.84bn. Earnings per share for the quarter were off 29% at $0.70, in line with analysts’ expectations. The year-ago figures includes a one-time gain of $344m, or $0.35 per share, on the sale of paging operations. Excluding the gain, earnings per share increased 11%, marking the 17th consecutive quarter BellSouth has improved its operating results. The company says access lines increased by 379,000 in the quarter and its US cellular business has grown 24% over the past year.

Content from our partners
Green for go: Transforming trade in the UK
Manufacturers are switching to personalised customer experience amid fierce competition
How many ends in end-to-end service orchestration?

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU