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;

Stock News for Att (T)
10/09/201500:01:00AT&T Boosts Gameday Mobile Internet Coverage In Ross-Ade Stadium...
10/08/201517:21:00AT&T Launches High Definition Voice in Mississippi
10/08/201514:15:00Correction to AT&T Manhattan Story
10/08/201511:00:00DIRECTV Launches First Virtual Reality App
10/08/201510:21:00Correction To AT&T Wireless Story
10/08/201508:00:00Bank of England Keeps Interest Rates Steady
10/07/201520:28:00AT&T Hiring Nearly 600 Employees In California
10/07/201518:17:03Initial Statement of Beneficial Ownership (3)
10/07/201509:30:00AT&T, Host And GuestTek Bring More Connectivity And Video Content...
10/06/201515:26:00AT&T Commits to Bringing Broadband to 35,000 Rural Homes and...
10/05/201514:00:00AT&T And IBM Team Up For Mobile Cloud Security
10/05/201509:40:00AT&T, Viacom Reach Distribution Deal
10/05/201508:05:00AT&T and Viacom Reach Multi-Year Distribution Agreement for Viacom's...
10/02/201516:13:21Statement of Changes in Beneficial Ownership (4)
10/02/201515:58:03Statement of Changes in Beneficial Ownership (4)
10/02/201515:51:04Statement of Changes in Beneficial Ownership (4)
10/02/201515:50:11Statement of Changes in Beneficial Ownership (4)
10/02/201515:48:16Statement of Changes in Beneficial Ownership (4)
10/02/201515:46:49Statement of Changes in Beneficial Ownership (4)
10/02/201515:45:57Statement of Changes in Beneficial Ownership (4)

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 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations