ADVFN - Advanced Financial Network.
HOME» NYSE » A » T Stock Price » T Stock News

Att Share News

 At&t Stock Price
T Stock Price
 At&t Stock Chart
T Stock Chart
 At&t Stock News
T Stock News
 At&t Company Information
T Company Information
 At&t Stock Trades
T Stock Trades

AT&T 1Q Net Rises 5.2% As Postpaid Churn Declines

DOW JONES NEWSWIRES AT&T Inc.'s (T) first-quarter earnings rose 5.2% as the telecommunications giant saw fewer people cancel services, though revenue grew slower than expected. AT&T's subscribership gains had outpaced its rivals on the success of Apple Inc.'s (AAPL) iPhone, but it lost iPhone exclusivity last year, which has pressured its customer turnover and growth rates of late. The company is targeting alternative devices such as tablets and e-readers for new sources of revenue and continues to shift attention away from its legacy businesses as wireless profits boom. AT&T recently agreed to sell a majority stake in its Yellow Pages business to private-equity firm Cerberus Capital Management LP for $950 million. Meanwhile, rival Verizon Communications Inc. (VZ) on Thursday reported its first-quarter earnings rose 17% as the addition of contract wireless and FiOS Internet and video subscribers helped boost revenue 4.6% and improved margins. AT&T reported a profit of $3.58 billion, or 60 cents a share, up from $3.41 billion, or 57 cents, a year earlier. Revenue rose 1.8% to $31.82 billion. Analysts polled by Thomson Reuters had most recently forecast earnings of 57 cents on revenue of $31.86 billion. Operating margin rose to 19.2% from 18.6%. In the latest period, AT&T added 187,000 customers who signed long-term service contracts, compared with 717,000 additions in the fourth quarter. The company also added 726,000 total wireless subscribers, raising its base to 103.9 million. Total postpaid churn, or customers who cancel services, was 1.1%, down from 1.18% a year earlier and 1.21% in the prior quarter. Total wireless revenue, including equipment sales, rose 5.4%, while wireless service revenue grew 4.3%. Total data revenue increased 8.7% and voice revenue was down 10%. The company sold 5.5 million smartphones, including 4.3 million iPhone activations. Of those activating iPhones, 21% were new to AT&T. Shares edged up 0.5% to $30.77 premarket. The stock has risen 1.2% so far this year. -By Melodie Warner, Dow Jones Newswires; 212-416-2283; [email protected]

Stock News for Att (T)
DateTimeHeadline
02/26/201707:00:00AT&T to Carry the New LG G6
02/26/201704:00:00Avnet and AT&T Team to Lower Barriers to Development of IoT Solutions
02/24/201708:08:00Get a Free Smartphone from AT&T
02/23/201718:56:00Time Warner to Sell TV Station Amid AT&T Merger
02/23/201711:30:00AT&T to Deliver On-Demand Marketplace for Business Customers
02/22/201708:00:00'Finding Your Roots' Host Dr. Henry Louis Gates, Jr. Joins AT&T...
02/21/201711:57:00AT&T Employee Resource Group HACEMOS Offers Training and Guidance...
02/21/201709:30:00Carrier Collaborates With AT&T on Digital Service Offering
02/20/201709:30:00AT&T to Provide Connectivity to Zywie's Cardiac Remote Monitoring...
02/17/201717:33:36Annual Report (10-k)
02/17/201709:00:00AT&T, CWA Reach Tentative Agreement Covering Former DIRECTV Employees...
02/16/201717:33:00AT&T to Sell Unlimited Wireless Data Plan Without Pay TV -- Update
02/16/201716:56:00AT&T to Sell Unlimited Wireless Data Plan Without Pay TV
02/16/201715:43:00AT&T Expands Access to Unlimited Data
02/16/201711:30:00AT&T Ranks #1 in Telecom Globally in FORTUNE's Most Admired Companies...
02/16/201709:42:00AT&T Sweeps All Categories to Take the Top Ranking in J.D. Power...
02/14/201717:47:00Communications Workers of America Vote to Ratify Agreement Covering...
02/14/201714:32:00T-Mobile Profit, Revenue Rise as It Adds Customers -- Update
02/14/201713:30:00AT&T Accelerates Deployment of LTE-M Network for Internet of...
02/14/201711:48:13Amended Statement of Changes in Beneficial Ownership (4/a)

Att and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US