AT&T reported third quarter earnings yesterday. As I mentioned in my Telecom post, the company's performance was excellent during the recession.
The numbers yesterday showed continuing strength with high revenues and great statistics. Here are some highlights:AT&T earnings beat the Street by 4 cents -.54 actual earnings Per Share versus the expected .50.
o Revenues - $30.9 billion for the period.
o Two million increase in total wireless subscribers - highest third-quarter net gain in the company's history.
o 4.3 million postpaid 3G integrated wireless devices added to AT&T's network, the largest quarterly increase in the company's history; integrated device growth included 3.2 million iPhone activations.
o 33.6 percent increase in wireless data revenues to $3.6 billion.
o 240,000 net gain in AT&T U-verseSM TV subscribers — up from 232,000 added in the year-earlier third quarter — to reach 1.8 million in service.
o 18.7 percent growth in wireline IP data revenues driven by AT&T U-verse expansion and growth in advanced business products.
o $9.7 billion cash from operating activities in the third quarter and $25.5 billion year to date."
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C. Cohn
AT&T reported third quarter earnings yesterday. As I mentioned in my Telecom post, the company's performance was excellent during the recession.
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