Beacon Equity Research announces the release of Trade Alerts covering communications technology: AT&T Inc. (NYSE: T), Verizon Communications (NYSE: VZ), Qwest Communications International Inc. (NYSE: Q), Windstream Corp. (NYSE: WIN), Sprint Nextel Corp. (NYSE: S) and Vodafone Group plc (NYSE: VOD).
In the Trade Alert, the author highlights AT&T’s expected reporting of first-quarter revenue of $31 billion, according to analyst:
“AT&T Inc. (T) shares rose 4.44% this morning, moving to $26.40. The communications provider is expected to report first-quarter revenue of $31 billion and earnings of 48 cents per share later this morning, according to analysts polled by Thomson Reuters. Speculation that revenue and earnings may come in higher than expected due to AT&T’s successful rollout of its wireless products and growth in its video segment has fueled a 16 cents rise in the company’s share price in after-hours trading. … Earlier, AT&T CEO Randall Stephenson told the Wall Street Journal AT&T intends to invest two-thirds of the company’s capital in wireless-network expansion and acquisitions.”
The Trade Alert author also featured Verizon’s ranking 16th most profitable among the 20 most profitable companies of 2008:
“Verizon Communications (VZ) shares climbed 1.84% this morning to trade at $31.58. Fortune (magazine) released its 20 most profitable companies of 2008, ranking the No. 1 wireless carrier Verizon Communications 16th most profitable among the 500 rankings. Growth rates of 16% in the Verizon’s wireless business fueled much of the profits, according to Fortune, with more than 6 million new customers subscribing to the company’s network through its promotion of 2-for-1 Blackberry for each sign-up. … Fourth-quarter results show data sharing on the Verizon 3G network reached 90 billion messages sent and received, approximately doubling last year’s network traffic.”
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Beacon Equity Research
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