SBC ( SBC) posted solid fourth-quarter numbers Wednesday and said it would cut 7,000 jobs this year. The company said the job losses, which will come "primarily through attrition," will help it boost operating margins this year from 2004 levels. TheStreet.com reported in November that SBC was planning to join cost-cutting telco rivals in
slashing its head count . For its fourth quarter ended Dec. 31, the San Antonio, Texas-based Baby Bell earned $754 million, or 23 cents a share, which is down from the comparable year-ago figure of $888 million, or 27 cents a share. Excluding certain costs, latest-quarter earnings were 34 cents a share, a penny ahead of the Wall Street estimate. Revenue rose to $10.3 billion from $10 billion a year earlier. The company said wireline revenue rose 3.6% from a year ago to $9.3 billion. The company added 425,000 digital subscriber line, or DSL, high-speed Internet customers in the latest period, along with 1.1 million long-distance lines. Retail wireline customers dropped by 192,000. Early Wednesday, SBC rose 26 cents to $26.71.