Alltel 3Q Net Rises 33%, Beats Wall Street"

Alltel's quarterly revenue rose 3% to $2.10 billion from $2.05 billion a year ago, driven by a 7% gain in wireless revenue to $1.3 billion from $1.2 billion last year.

Digital subscriber line customers increased in the quarter by 67% to a total of 216,885 compared to a year ago. Average monthly revenue per customer rose to $65.84 from $64.49 a year ago.

Alltel paid $264 million to repurchase 4.85 million shares in the quarter. It now has 307.8 million diluted shares outstanding.

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Posted to the site on 21st October 2004