Printed from http://www.electronista.com

AT&T results show increased earnings, lower revenues

updated 10:16 am EDT, Wed April 24, 2013

Wireless data revenues up 21 percent, 1.2M smartphone sales

Quarterly results from AT&T shows the company has managed to increase its year-on-year earnings by $100 million to $3.7 billion, matching the expectations of Wall Street. The financial information also tells that its consolidated revenues of $31.4 billion is down 1.5 percent compared to the same period last year.

Wireless data revenues have gone up 21 percent compared to last year, reaching $5.1 billion, with total wireless revenues and wireless service revenues increasing 3.4 percent to $16.7 billion and $15.1 billion respectively. Subscriber numbers increased by 296,000 in the quarter, partly thanks to another 1.2 million new smartphone subscribers forming 88 percent of postpaid phone sales.

Wireline revenues dipped 1.8-percent year-on-year to $14.7 billion, and also happens to be down 1.8-percent from the previous quarter. Wireline income at $1.6 billion is down 5.1 percent from the first quarter of 2012.

U-verse managed to pull in 31.5-percent more revenues compared to last year, a five-percent rise in sequential quarters. Total U-verse subscriber numbers reached 8.7 million in the quarter, an addition of 232,000 for U-verse TV and 731,000 for U-verse high-speed Internet. Subscribers of the U-verse Internet service now represent more than half of all wireline broadband subscribers for AT&T.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Patriot Supersonic Rage XT 128GB USB drive

USB thumb drives are getting larger by the day, their growth speeding along with the availability and expansion of memory chips. But h ...

Crucial MX100 256GB SATA-3 SSD

While the price-per-gigabyte ratio for magnetic platter-based hard drives can't be beat, the speed that a SSD brings to the table for ...

Narrative Clip

With the advent of social media technology, people have been searching for new ways to share the events of their daily lives -- be it ...

Sponsor

toggle

Most Commented

 
toggle

Popular News