Xerox Corporation, (XRX: chart), announced that excluding these items, the company delivered adjusted earnings per share of 18 cents. Xerox also announced plans to repurchase up to $500 million of the company's common stock. In Q3, total revenue advanced 1 % year over year. Equipment sales increased 2 %, while post-sale and financing revenue, which represents more than 70 % of the company's total revenue advanced 1 % .

AT&T Corp, (T: chart), communication services provider, posted Q3 earnings of 64 cents a share, up from loss of $8.99 a share in the year-ago period despite revenue decline, beating analysts’ forecasts of 51 cents a share. The latest results include a charge of 6 cents a share, related to the company's aircraft lease investments, transaction costs of 2 cents a share, related to the company's pending merger with SBC and a $41 million gain from insurance proceeds. The year-ago performance reflects an asset impairment charge of $8.86 a share, restructuring charges of 84 cents a share, and a charge of 4 cents a share, from aircraft lease investments.

RadioShack Corporation, (RSH: chart), consumer electronics retailor, announced Q3 net income of 75 cents per share, up vs. net income of 43 cents per share in the same time last year, on a non-cash, non-recurring gain of 39 cents per share due to the reversal of a tax contingency reserve. Q3 total sales were up 8% from the year-ago period. Q3 comparable store sales were up 1% vs. the prior year. Gross margin fell 300 basis points primarily due to an aggressive inventory clearance sale.

Alltel, (AT: chart), wireline and wireless communication provider, posted Q3 earnings of 98 cents a share, down vs. earnings of $1.05 a share in the year-ago period on 20% revenue growth. Excluding non-recurring items, earnings would have been 90 cents a share, topping analyst estimate of 86 cents a share. The company reported 30% rise in wireless revenue, a 2% drop in wireline revenue at 16% growth in communications support revenue.

Caterpillar, (CAT: chart), maker of heavy machinery, posted Q3 earnings of 94 cents a share, up from a profit of 70 cents a share in the year-ago period on 17% sales and revenue growth, missing analyst estimate of $1.06 a share. The company attributed its excellent performance to strong customer demand worldwide and noted that it experienced continued pressure on its variable manufacturing costs during the quarter.

Weyerhaeuser Co., (WY: chart), wood products company, posted Q3 net income of $1.16 a share, down vs. $2.45 a share in the year-earlier period. Adjusted earnings came to 93 cents a share, missing the analyst estimate of earnings of 98 cents a share. Sales in Q3 dropped 1% to $5.6 billion from $5.68 billion. Residual effects of several hurricanes would drive up chemical, energy and transportation costs in Q4, the company added.

Google Inc., (GOOG: chart), Internet search engine company, reported Q3 net income of $1.32 per share, 7 times the earned 19 cents per share in the year ago period. Last year's results included a $201 million charge to account for a legal settlement with rival Yahoo Inc. Excluding charges related to a recent acquisition and employee stock options issued before the company went public 14 months ago, Google stated it would have earned $1.51 per share, beating on that basis the analysts’ forecasts of $1.36 per share. The company's Q3 revenue totaled $1.58 billion, nearly doubling from $805.9 million last year.