BellSouth Corp is comfortable with Wall Street estimates that it will earn $4.12-$4.14 for the year: the company believes it can achieve consolidated earnings growth of six to nine percent a year for the foreseeable future; BellSouth anticipates this growth rate because, while its regulated telephone business began 1994 with 5.7% revenue growth, its expenses for the year are expected to grow not more than 1%; meanwhile, its unregulated businesses, including cellular operations in the US, Latin America, Australia and Europe, are growing at generally robust rates, it said; it will use its Australian experience as a model to launch long distance businesses in other foreign countries and perhaps domestically, BellSouth will now pursue opportunities in international long distance and multimedia; it is unlikely to exercise its options on QVC Inc stock as the option price is well above QVC’s current stock price.
