From CenturyLink to Verizon: Tracking wireline telecom earnings in Q4 2016

The fourth-quarter 2016 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 fourth-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 the first half of the year: Q3 2016, Q2 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.

Jan. 17

Adtran reported fourth quarter revenues of $162.9 million, up year-over-year from $139 million in the fourth quarter of 2015, surpassing Wall Street forecasts. 
- see our coverage
- visit Adtran's investor relations page

Jan. 24

Verizon reported decent FiOS internet growth in 2016 as the telco ramped up available speeds and new tiers, but the loss of 282,000 traditional copper DSL customers put a dent in the telco's overall broadband subscriber base. 
- see our coverage

- visit Verizon's investor relations page

Corning reported fourth-quarter revenues were $2.48 billion, down sequentially, but up 11% year-over-year from $2.23 billion in the same period a year ago.
- see our coverage
- visit Corning's investor relations page

Jan. 25

AT&T reported consolidated fourth-quarter revenues of $41.8 billion and operating income of $4.2 billion. 
- see our coverage

- visit AT&T's investor relations page

Jan. 26

Juniper Networks
Juniper reported that fourth-quarter net revenues were $1.39 billion, up 5% year-over-year and 8% sequentially. 
- see our coverage
- visit Juniper's investor relations page

Feb. 7

Tucows reported fourth-quarter net revenue 2016 rose 9% year-over-year to $48.8 million from $44.7 million for the fourth quarter of 2015. However, net income for the fourth quarter of 2016 decreased to $2.8 million, or 27 cents per share.
- see our coverage
- visit Ting’s investor relations page

Feb. 8

Fourth-quarter 2016 operating revenues were $4.29 billion compared to $4.48 billion in the fourth quarter of 2015. CenturyLink attributed the lower revenue to declines in legacy voice and low-bandwidth data services revenues, which were partially offset by growth in strategic revenues.
- see our coverage
- visit CenturyLink's investor relations page

Level 3 Communications
Level 3 reported that net income was $677 million compared to net income of $3.4 billion for 2015, which included a non-cash benefit to the fourth quarter 2015 income tax.
- see our coverage
- visit Level 3's investor relations page

Feb. 9

Zayo Group
Zayo reported $506.7 million of consolidated revenue, including $107.9 million from Zayo Canada. Net income was $19.8 million, including $19.6 million from Zayo Canada, up $4.1 million sequentially.
- see our coverage
- visit Zayo Group's investor relations page

Infinera reported GAAP revenue for the quarter was $181 million compared to $185.5 million in the third quarter of 2016 and $260 million in the fourth quarter of 2015. GAAP revenue for the year was $870.1 million compared to $886.7 million in 2015.
- see our coverage
- visit Infinera's investor relations page

Feb. 14

Vonage reported fourth quarter revenue of $247 million, up from $230 million in the year ago quarter. Income from operations was $5 million, down from $8 million in the prior year quarter.
- see our coverage
- visit Vonage’s investor relations page

Feb. 15

Cincinnati Bell
Cincinnati Bell reported that consolidated revenue rose $18 million year-over-year. Revenue from strategic products was up 19% year-over-year.
- see our coverage
- visit Cincinnati Bell's investor relations page

Calix reported revenue was $131.8 million, up 25.5% year-over-year compared to $105 million for the fourth quarter of 2015.
- see our coverage
- visit Calix's investor relations page

Cisco reported second quarter revenue of $11.6 billion, down 2% year-over-year. Cisco previously gave guidance of a 2-4% decline.
- see our coverage
- visit Cisco’s investor relations page

Feb. 23

Cogent Communications 
Driven by an uptick in business and transport sales, Cogent reported that fourth quarter service revenue rose 2.2% from the third quarter of 2016 to $115.6 million and on a constant currency basis increased from the third quarter by 2.9%.
- see our coverage
- visit Cogent’s investor relations page

Consolidated Communications
Consolidated’s total fourth-quarter revenue was $175.9 million, compared to $188.2 million in the fourth quarter of 2015. Fourth-quarter 2016 revenue was impacted by lower equipment sales and service, which is the business the company divested in December. 
- see our coverage
- visit Consolidated's investor relations page

Ongoing sales in its Uniti Fiber unit drove up CS&L’s fourth quarter revenues to $206.9 million. Net loss and Adjusted EBITDA was $4.4 million and $177.2 million, respectively, for the same period.
- see our coverage
- visit CS&L’s investor relations page

Feb. 24

TDS Telecom
TDS Telecom reported $283 million in fourth quarter operating revenues. TDS Telecom’s parent company Telephone and Data Systems reported total operating revenues of $1.28 billion million for the fourth quarter of 2016, up slightly from $1.27 billion for the comparable period one year ago. 
- see our coverage
- visit TDS Telecom's investor relations page

Feb. 27

Frontier Communications
Frontier reported total fourth quarter revenues were $2.42 billion, down from $2.52 million in the third quarter. The telco noted that $45 million of the sequential decline in revenue was related to resolution of CTF accounts that were determined to be nonpaying following an effort to address overdue accounts.
- see our coverage
- visit Frontier's investor relations page

March 1

Dycom’s second quarter total service revenues rose 25.3% year-over-year to $701.1 million. Organic revenue grew 22.9%. The company said this quarter reflected a broad increase in demand from several key customers as it deployed 1 Gbps wireline networks and grew core market share.
- see our coverage
- visit Dycom’s investor relations page

Windstream reported fourth quarter total revenues and sales of $1.31 billion and total service revenues were $1.29 billion compared to $1.43 billion and $1.39 billion respectively year-over-year. Operating income was $74 million compared to $132 million in the same period a year ago.
- see our coverage
- visit Windstream's investor relations page

March 6

FairPoint Communications

FairPoint reported total revenues of $203.9 million for the quarter and $824.4 million for the year. Net income of $16.0 million for the quarter and $104.1 million for the year.
- see our coverage
- visit FairPoint's investor relations page

March 14

Hawaiian Telcom
Driven by gains in IP-based consumer and business services, Hawaiian Telcom reported $96.8 million in revenues for the fourth quarter and $393 million for full year 2016.
- see our coverage
- visit Hawaiian Telcom's investor relations page

March 20

Shenandoah Telecom
- visit Shenandoah's investor relations page