From CenturyLink to Verizon: Tracking wireline telecom earnings in Q1 2017

The first-quarter 2017 earnings reporting season has begun, and FierceTelecom is tracking how key players in the wireline telecom industry performed. Check here throughout the reporting season for updates on providers, vendors and integrators in this segment.

Also, our colleagues at FierceWireless are tracking the first-quarter results of the major players in the wireless industry, as is FierceCable for the cable industry.

Finally, don't forget to look at our reports from last year: Q4 2016, Q3 2016Q2 2016 and Q1 2016, as well as the previous quarters from the past two years: Q4 2015Q3 2015Q2 2015Q1 2015Q4 2014Q3 2014, and Q2 2014.

April 19

Adtran reported revenues for the first quarter 2017 were $170.3 million, up from $142.2 million for the first quarter of 2016.
- see our coverage
- visit Adtran's investor relations page

April 20

Verizon reported that total consolidated operating revenues in the first quarter of 2017 were $29.8 billion, down 7.3% from the first quarter of 2016.
- see our coverage
- visit Verizon's investor relations page

April 25

AT&T's consolidated revenues were $39.4 billion, down from $40.5 billion in the year-ago quarter due to what it said was record-low equipment sales in wireless. 
- see our coverage
- visit AT&T's investor relations page

Driven by growth in its Optical Communications division, Corning reported that its first-quarter revenues were $2.4 billion, up 16% from $2.5 billion in the same quarter a year ago.
- see our coverage
- visit Corning's investor relations page

Juniper Networks
Juniper’s first quarter net revenues were $1.2 billion, up 11% year-over-year but down 12% sequentially as it saw softness in its cable/telco and security business lines. 
- see our coverage
- visit Juniper's investor relations page

May 2

Frontier Communications
Frontier reported first-quarter revenue of $2.36 billion, down from $2.41 billion in the fourth quarter of 2016. Operating income was $271 million. The company reported $75 million net loss.
- see our coverage
- visit Frontier's investor relations page

May 3

CenturyLink’s first-quarter revenues slid to $4.21 billion, reflecting another round of weaker broadband additions and ongoing legacy TDM service losses.
- see our coverage
- visit CenturyLink's investor relations page

Level 3 Communications
Level 3 reported total revenue was $2.05 billion for the first quarter 2017, compared to $2.05 billion for the first quarter 2016. In the first quarter 2017, the company generated net income of $95 million and basic earnings per share of 26 cents.
- see our coverage
- visit Level 3's investor relations page

May 4

Cogent Communications 
Cogent reported total revenues of $117.2 million, up 8.2% from $108.3 million from the same period a year ago.
-see our coverage
- visit Cogent’s investor relations page

Consolidated Communications
Consolidated’s total first-quarter revenue was $169.9 million, up from $188.8 million in the first quarter of 2016, which included $11.4 million of revenue from businesses which the company divested in 2016, the equipment sales business and the Iowa ILEC property.  
- see our coverage
- visit Consolidated's investor relations page

Windstream reported that total revenues and sales were $1.37 billion and total service revenues were $1.34 billion in the first quarter. Operating income was $46 million compared to $158 million in the same period a year ago.
- see our coverage
- visit Windstream's investor relations page

Shenandoah Telecom
Shentel reported total revenues of $153.9 million, up 66.2% compared to $92.6 million for the 2016 first quarter.  
- see the earnings release
- visit Shenandoah's investor relations page

Uniti (formerly CS&L)
Uniti’s consolidated operating results for the first quarter were again in line with its expectations, with consolidated revenues of $211.5 million and consolidated adjusted EBITDA of $177 million.
-see our coverage
- visit Uniti’s investor relations page

May 7

TDS Telecom
TDS’ parent company Telephone and Data Systems reported total operating revenues of $1.24  billion for the first quarter of 2017, versus $1.25 billion for the same period one year ago. 
- see our coverage
- visit TDS Telecom's investor relations page

May 8

Lumos Networks
Lumos reported total first-quarter revenue was $54.9 million, up 8% from the prior year period. The company generated an operating loss of $1.6 million for the three months ended March 31, 2017, down from operating income of $3.1 million in the prior-year period.
- see our coverage
- visit Lumos Networks’ investor relations page

May 9

Cincinnati Bell
Cincinnati Bell reported consolidated revenue for the first quarter of 2017 was $278 million, down 4% from the prior year primarily due to the decline of telecom and IT hardware sales.
- see our coverage
- visit Cincinnati Bell's investor relations page

Hawaiian Telcom
Hawaiian Telcom reported that first-quarter revenue was $94.5 million, down from $98.8 million in the first quarter of 2016. The company said that revenue declines related to legacy voice and low-bandwidth internet services were partially offset by revenue increases from consumer video, high-bandwidth business data services, and equipment and related services. 
- see our coverage
- visit Hawaiian Telcom's investor relations page

Zayo Group
Zayo reported that fiscal third quarter revenue was $550 million, due to the acquisition of ELI on March 1. Zayo said the run rate revenue will be higher than the $550 million March quarter as it only included the one month of ELI.
- see our coverage
- visit Zayo Group's investor relations page

May 17

Cisco reported third-quarter revenue of $11.9 billion. Net income on a generally accepted accounting principles (GAAP) basis was $2.5 billion, or 50 cents per share.
- see our coverage
- visit Cisco’s investor relations page

May 24

Dycom reported third-quarter contract revenues of $786.3 million, up year-over-year from $664.6 million in the same quarter a year ago.
- see our coverage
- visit Dycom’s investor relations page