How much is the Qwest Communications 2Q profit went up recently? Explain?
Qwest 2Q profit up 18 pct on one-time tax savings July 29th, 2009 By PETER SVENSSON , AP Technology Writer (AP) — Qwest Communications International Inc.’s second-quarter earnings rose 18 percent because of one-time tax savings, even as revenue continued to slide as customers abandon landline telephones, the phone company said Wednesday. Ads by Google Ultimate Business Model – www.copyandprofit.info Never seen before. Make money by copying campaigns. Easy to set up. Qwest’s net income for the period was $212 million, or 12 cents per share, up from $180 million, or 10 cents per share, in the same quarter a year ago. The Denver-based company paid $5 million in income tax in the quarter, compared with $118 million in the same period a year ago. It said the low tax rate was a one-time effect of tax settlements from prior years and the recognition of previously unrecognized tax benefits. Revenue fell 9 percent to $3.09 billion as c
Yahoo Inc. eked out a slightly higher profit in the second quarter as its new, no-nonsense chief executive cut enough expenses to shake off the Internet company’s sharpest drop in ad revenue since the dot-com bust. The worsening ad slump overshadowed Yahoo’s first quarterly earnings increase since the start of 2008, causing the company’s shares to fall more than 4 percent after the results were released Tuesday. The higher profit nevertheless suggested Yahoo CEO Carol Bartz is making some progress toward snapping the Sunnyvale-based company out of its financial funk — the main reason she was hired six months ago. Since her arrival, Bartz has been focused on identifying Yahoo’s strengths and weaknesses, weeding out bureaucracy and cutting deeper into a payroll that had already begun to thin under her predecessor, company co-founder Jerry Yang. Yahoo ended the quarter with 13,000 employees, down 9 percent from 14,300 workers at the same time last year. That enabled the company to lower i
