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US WEST’S 3RD-QUARTER PROFITS FELL 1% DESPITE JUMP IN REVENUE

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US WEST's third-quarter profits fell 1 percent despite a 7 percent jump in revenue, the company said Friday.

The telecommunications company earned $316 million, or 67 cents a share, in the three months that ended Sept. 30. It earned $318 million, or 70 cents a share, in the same period a year ago.Revenues was $2.96 billion, compared with $2.76 billion a year ago.

The results exclude gains from the sale of rural exchanges, expenses associated with the creation of targeted stock and an extraordinary loss from 1994 when it extinguished some debt.

US WEST's main wireline telephone business, which serves 14 states in the Midwest and West, had a 4.2 percent increase in access lines and 10.3 percent increase in billed minutes of use compared to a year ago.

Its cellular business added 104,000 customers during the quarter, bringing its subscriber base to 1.3 million, a 55 percent jump from a year ago.