From AT&T to Verizon: Tracking Q3 2017 earnings in wireless

Money
The earnings season kicked off October 19 with Verizon's report.

How did the wireless industry perform in the third quarter of 2017? Check here throughout the third-quarter earnings season for full earnings reports from the wireless industry's biggest public carriers, handset makers, equipment suppliers and others.

And don't forget to check out our wrap-up pages for the second quarter of 2017 and the third and fourth quarters of 2016.

Finally, make sure to check out FierceTelecom's look at the third-quarter season for the wired telco providers.

October 19

Verizon (NYSE:VZ)

The nation's largest mobile network operator reported service revenue of $15.8 billion during the quarter, down 5.1% year over year but slightly outpacing Wells Fargo's estimate of $15.7 billion. Its 274,000 retail postpaid phone net additions soundly beat expectations that had been in the range of 170,000, and its overall postpaid net adds of 603,000 also beat Wall Street estimates.
- see this story
- read Verizon's press release

October 20

Ericsson (Nasdaq: ERIC)

The venerable Swedish gear vendor said revenue fell 6% year over year during the third quarter to $5.9 billion, marking its fourth straight quarterly loss. But investors apparently were buoyed by Ericsson's commitment to restructure its business, sending shares soaring more than 9% following the earnings release.
- read this report
- check Ericsson's press release

October 23 

T-Mobile (Nasdaq: TMUS)

T-Mobile posted net income of $550 million, up 50% year over year, and revenue of $10.02 billion beat Wall Street expectations of $10.01 billion. The operator also added 595,000 net postpaid subscribers, falling short of the 646,000 new customers expected by Wells Fargo, but its overall net additions of 1.3 million marked its 18th straight quarter of more than 1 million net adds.
- check this story
- read T-Mobile's announcement

October 24

AT&T (NYSE: T)

The nation's second-largest mobile network operator reported total postpaid net subscriber gains of 117,000 excluding migrations, roughly in line with Wall Street estimates, but its 241,000 net postpaid phone losses including migrations were "relatively weak," according to MoffettNathanson Research.
- read this report
- check AT&T's earnings release

October 25

Sprint (NYSE: S)

Sprint added 279,000 postpaid net phone customers and posted a net loss of $48 million, or 1 cent per share, a marked improvement from the $142 million loss it reported during the same period a year ago. Analysts had expected a loss of 2 cents per share on revenue of $8.05 billion.
- read this story
- check Sprint's earnings release

América Móvil (TracFone)

América Móvil's U.S. customer base declined 10.4% year-over-year primarily due to customers leaving its SafeLink Wireless brand. Total U.S. revenues climbed 5.3% annually, though, reaching nearly $2 billion.
- see this article
- read América Móvil's press release

October 26

Alphabet/Google (Nasdaq: GOOG)

Google's parent Alphabet saw its shares jump after its earnings topped Wall Street's expectations due largely to significant growth in its mobile search advertising business and increased YouTube revenue. The company also said it saw twice as much demand for the Pixel 2 smartphone on the first day of preorders than it saw last year for the first generation of the device.
- read this report
- see Google's earnings release

Nokia (NYSE:NOK)

Nokia shares fell 19% at one point after the vendor reported a 9% year-on-year net sales decrease in the second quarter and said conditions will continue to be difficult into 2018. CEO Rajeev Suri blamed challenges related to market conditions--like the transition from 4G to 5G--and certain projects, particularly in North America and China.
- read this report
- see Nokia's press release

October 31

Samsung

The South Korean electronics giant continued to build on its impressive momentum in the third quarter, posting a record operating profit of $12.9 billion due primarily to sales of its semiconductors and display units. Samsung added that it expects its components businesses to continue to be its primary driver of earnings in 2018.
- read this Quartz story
- check Samsung's press release

November 1

Qualcomm (Nasdaq: CCOM)

Qualcomm beat Wall Street estimates in the quarter, reporting non-GAAP earnings per share of 92 cents on revenue of $6.18 billion. Its ongoing legal battle with Apple dragged down licensing revenues, but its core semiconductor business was solid.
- read this ZDNet article
- see Qualcomm's earnings release
 

November 2

Apple (Nasdaq: AAPL)

Shares of Apple jumped after the company posted earnings that far exceeded analysts' expectations ahead of the launch of the iPhone X. The company sold 46.7 million iPhones during the quarter, outpacing expectations, and profit of $10.7 billion marked a 19% year-over-year increase.
- read this report
- see Apple's press release

November 8

U.S. Cellular (NYSE:USM)

Shares of the Chicago-based carrier rose after it reported 44,000 net postpaid smartphone additions during the quarter thanks largely to adoption of the rate plans it rolled out in February. U.S. Cellular posted a loss of $299 million during the quarter, though, after reporting net income of $17 million during the year-ago period.
- check this summary
- read U.S. Cellular's press release

November 9

Dish Network (Nasdaq: DISH)

The satellite TV provider said it enjoyed "a very good quarter in terms of progress" as it prepares to launch an NB-IoT network to connect devices, people and platforms wirelessly. Dish said it has already inked deals with multiple RAN vendors and expects to sign agreements with tower companies "early in 2018."
- read this report
- see Dish's earnings release