In what will likely be its final quarter as a public company, BellSouth (BLS) reported solid quarterly earnings beating estimates on the back Cingular and revenue and margin upside in its wireline business. The results support a continued bullish outlook for AT&T (T) over the next six months as the merger closes and synergies favorably […]
AT&T (T) reported adjusted 3Q06 EPS of 63 cents, ahead of the 58 cent consensus estimate. 2 cents of the upside was widely expected following the strong earnings report from Cingular last week. Another 2 cents came from a reduction in operating expenses in prior periods that hit this quarter. Consequently, despite the positive surprise […]
Newspaper stocks rose strongly yesterday after the Wall Street Journal reported that private equity groups were showing an active interest in Tribune (TRB). On its earnings call last week, TRB reiterated that it hoped to have the strategic review complete by the end of 2006. The Journal is reporting that TRB prefers to sell itself […]
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