Bell South Earnings -- Key Facts

Excerpt from our One Page Annotated Wall Street Journal Summary (receive it by email every morning by signing up here):

BellSouth's Profit Rises on Strength Of Web, Wireless

• Summary: Bell South, which is in the process of being acquired by AT&T, reported Q2 results: Revenue up 1.2% to $5.21 billion, exlclusing its stake in Cingular Wireless. Net profit up 12% to $887 million, versus $795 million a year earlier. EPS of $0.43 included a one-time charge of six cents for Cingular's acquisition of AT&T Wireless. Revenue from DSL rose 39% to $400 million, with 128,000 new customers added in the quarter. Bell South said that 25% of its DSL customers now subscribe to higher-priced service tiers. Land lines decreased by 7% or 460,000 due to wireless substitution and the seasonal move of customers out of its territory.
• Comment on related stocks/ETFs: Full Bell South conference call transcript here.