[GTE earnings and comments]
<<<STAMFORD, Conn.--(BUSINESS WIRE)--GTE Corp. today announced that
operational earnings per share increased 11 percent in the first
quarter of 1997. Consolidated net income for the quarter was $665
million, or 69 cents per share, compared with $608 million, or 62
cents per share, in the first quarter of 1996, excluding gains on
sales of non-strategic telephone properties of $8 million or 1 cent
per share. . . .
"It's a real accomplishment to deliver double-digit earnings
growth while, at the same time, making strategic investments required
to succeed in our industry's new environment of competition and
opportunity. During the quarter, ****we continued to invest in rolling out new service offerings, such as long distance, video and Internet access,**** as well as the start-up of our wireless digital PCS operations. We believe GTE is extremely well-positioned for the future," Lee added.>>>
Still keeping my eye on GTE for DSL announcements.
Pat |
