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; melodie.warner@dowjones.com

Stock News for Att (T)
DateTimeHeadline
11/25/201418:55:04Telefónica Works to Redraw Its Empire
11/24/201421:10:32Carriers Issue Debt as Spectrum Auction Bids Top $36 Billion
11/24/201420:53:52Carriers Issue Billions in Debt As Spectrum Auction Bids Top...
11/24/201410:20:07Wal-Mart Adds Former American Airlines CEO Horton to Board
11/21/201422:00:51Wireless Carriers Bid Up US Airwaves To Record
11/21/201413:58:34Appeals Court Grants TV Programmers Stay in FCC Dispute -- Update
11/21/201413:10:09Federal Appeals Court Grants TV Programmers Stay in FCC Dispute
11/21/201407:28:47European Telecoms Bet on Data, Investment in 4G Infrastructure
11/20/201415:59:45AT&T to Settle Hazardous Waste Allegations in California -- Update
11/20/201415:35:35AT&T to Settle Hazardous Waste Allegations in California
11/18/201420:16:05AT&T Joins Fray On Location Data
11/18/201420:11:29AT&T Enters Legal Fray Over Cellphone Location Data
11/17/201418:51:43Sprint's CEO Shakes Up Executive Ranks, Chief Marketing Officer...
11/03/201423:50:42Australia Holds Interest Rates Steady
10/31/201407:59:34Two Picks to Dig Into Pipelines, Shale Energy -- Barron's
10/29/201400:40:12FTC Sues AT&T, Alleging Company Misled Consumers
10/28/201403:34:08Matomy Media Buys Austrian Mobile Advertising Firm for $17.6...
10/27/201404:56:57AT&T Launches Maiden Bond in Taiwan; Seeks to Raise Up to $1.5...
10/26/201417:03:17Germany Bets on 'Smart Factories' to Keep Its Manufacturing Edge
10/23/201419:33:14Will Free Data Become the Next Free Shipping?

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

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad