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Verizon And AT&T: Standing Firm
Posted: 27-Jan-2009 [Source: Forbes)]

[Verizon and AT&T to report fourth quarter results and both companies are expected to post solid results. Ecomonic woes expected to hit their wireline businesses first.]

By Elizabeth Woyke (Forbes -- "For the quarter, analysts expect Verizon to post earnings of 61 cents per share, down a penny from a year ago, on revenues of $24.74 billion. They expect AT&T earnings to decline to 65 cents per share from 71 cents in the year-ago period on revenues of $31.35 billion. In December, AT&T announced it would cut 12,000 jobs throughout 2009."

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