financial performance

PCCW reports revenues of $1.5bn, down 2%, but mobile revenues growing 27% to $110m. EBITDA fell 5% to $440m. China Telecom announced lower-than-expected results, with a 1H08 net income of $1.8bn, down 8%, on revenues of $13.2bn, up 1%. Its fixed business...

ZTE reported unaudited 1H08 results. As reported sales amounted to $2.9bn (+30%), of which $1bn (-2%) in China and $1.9bn (+59%) in export. Sales grew 42% in Asia to $819m, 107% in Africa to $556m and 49% in other regions to $461m. Sales were made of...

Unusual presentation for company results, but there were too many companies in the past month to report their financial performance. So I tried to sum up main indicators in a short sentence for each company. Sprint Nextel reported a net loss of $344m...

Unusual presentation for company results, but there were too many companies in the past month to report their financial performance. So I tried to sum up main indicators in a short sentence for each company. ALU reported 2Q08 results in line with forecasts:...

CSFB cut its estimates on Ericsson following Sony Ericsson’s profit warnings. Lehman Brothers raised its price target on Qualcomm by 6% to $55. Sony Ericsson warns lower 2Q sales and net income as demand is slowing and new products launch would be delayed....

Motorola' shares sink to its lowest level since 2003 on pessimistic outlook. Sony Ericsson warns on profit. It said that it will only break even and that mobile phone shipments would be flat in 2Q08. RIM reports very good results with a profit jumping...

Qualcomm increased its FY3Q earnings forecast by almost 9%, due to higher-than-expected sales and better than expected ASP for CDMA devices. Lehman Brothers increased its estimates by 1.5% in 2008 and 1.7% in 2009. Oppenheimer has lowered its estimates...

R.W. Baird raised its Verizon EPS estimate following the pending acquisition of Alltel, but lowered its estimates on AT&T following the introduction of iPhone 2 and related subsidization scheme implying lower earnings. It logically raised by 16% its price...

PT Telkom (Indonesia) reports 1Q08 net profit of $ 342m (+5%) on revenues of $1.6bn (+8.5%). EBITDA improved 6% to $1bn. Safaricom (Kenya) said its net profit reached $199m (+15%) on revenues of $882m (+29%). Vodafone posts strong results with FY08 net...

HP reports better than expected results. FY2Q sales amounted to $28.3bn (+11%) and the net profit was $2.1bn (+16%). Regional sales were respectively $11bn in America (+4%), $12bn in EMEA (+16%), $5.2bn in APAC (+16%). Export sales amounted to 70% of...