Alltel Beats Slightly Lowered Estimates by a Penny

01/26/01 - 09:56 AM EST

Erica Berardi

Earnings Scorecard
Actual Estimated* Year-Ago
$0.62 $0.61 $0.65

Alltel(AT Quote - Cramer on AT - Stock Picks) reported fourth-quarter earnings today that beat Wall Street's slightly lowered estimates by a penny.

For the fourth quarter ended Dec. 31, Alltel earned $195.3 million, or 62 cents a share, down from $206.3 million, or 65 cents a share, in the same period a year ago. Seventeen analysts surveyed by First Call/Thomson Financial expected the company to report earnings of 61 cents a share.

Alltel, a provider of wireline and wireless communications services based in Little Rock, Ark., also posted fourth-quarter revenue of $1.8 billion, up 12% from $1.6 billion in the same period last year.

Alltel closed New York Stock Exchange trading yesterday at $67.88, but this morning traded down $3.94, or 5.8%, to $63.94.

Your Recent Quotes: Quote Up0 | Quote Down0
Dow S&P 500 NASDAQ
Oil*
Gold
10 Yr
0.00%
%
%
%
Data delayed 20 min
Sign up for our FREE newsletters now. See All

  • Cramer's Daily Booyah!
  • Before the Bell

Premium Stock Ideas
Access Action Alerts Plus to find out Cramer’s latest picks now!

Premium Services