TMCnet News
Results for AT&T, Google, Alltel, Xerox and FiservBy DAVID SIMS Some high-powered Q3 results recently announced:
AT&T has reported net income of $520 million, or earnings per diluted share of $0.64, for the third quarter of 2005. This result includes a previously announced pretax charge of $92 million, or $0.06 per diluted share, related to the company's aircraft lease investments. AT&T's current-quarter net income compares to a net loss of $7.1 billion, or a loss per share of $8.99, in the third quarter of 2004, which included a pretax asset impairment charge of $11.4 billion, or $8.86 per share, and pretax restructuring and other charges of $1.1 billion, or $0.84 per share. Third quarter of 2004 also included a pretax charge of $46 million, or $0.04 per share, related to the company's aircraft lease investments. AT&T reported third-quarter 2005 consolidated revenue of $6.6 billion, which includes $5.1 billion from AT&T Business and $1.5 billion from AT&T Consumer. Consolidated revenue declined 13.3 percent versus the third quarter of 2004, primarily due to continued declines in long distance (LD) voice and data revenue. Alltel has reported fully diluted earnings per share under GAAP of 98 cents, including several one-time items that resulted in a net after-tax gain of $30 million. Excluding the one-time items, fully diluted earnings per share from current businesses was 90 cents.
Total revenues were $2.5 billion, a 20 percent increase from a year ago. Net income under GAAP was $361 million, a 12 percent increase. Net income from current businesses was $331 million, a 17 percent increase from a year ago. …
Xerox has announced today third-quarter earnings per share of 5 cents. This includes previously announced charges of 12 cents per share related to litigation matters and other items as well as a restructuring charge of 1 cent per share. Excluding these items, Xerox delivered adjusted earnings per share of 18 cents. In the third quarter, total revenue of $3.8 billion grew 1 percent year over year. Equipment sales increased 2 percent. Post-sale and financing revenue, which represents more than 70 percent of the company's total revenue, grew 1 percent as the revenue stream from digital products offset declines from the company's older light-lens technology. And of course Google's still on a major roll. They earned $381.2 million, or $1.32 per share, seven times from the net income of $52 million, or 19 cents per share, a year ago. Of course last year's results included a $201 million charge for a legal settlement with rival Yahoo Inc.
Revenue for the quarter was $1.58 billion, upfrom $805.9 million last year. Less commissions paid to other Web sites in its advertising network, revenue was $1.05 billion. … Fiserv, Inc. has announced Q3 net income per share-diluted from continuing operations for the third quarter of 2005 as $0.58 per share, compared to $0.53 per share for the third quarter of 2004. Processing and services revenues were $925.3 million, an increase of 10% over the third quarter of 2004. For the nine month period ended Sept. 30, 2005, Fiserv processing and services revenues were $2.7 billion, a 10% increase over the first nine months of 2004. Net income per share-diluted from continuing operations (excluding realized gain from sale of investment of $0.14 per share) was $1.74 per share compared to $1.50 per share for the first nine months of 2004. David Sims is contributing editor for TMCnet. For more articles by David Sims, please visit:http://www.tmcnet.com/tmcnet/columnists/columnist.aspx?id=100005&nm=David%20Sims |