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 2nd Quarter Net Rises 8.7% as Turnover Rate, Margins Improve

By Melodie Warner AT&T Inc. (T) second-quarter earnings rose 8.7% as a lower customer turnover rate helped to improved margins. AT&T has been adding fewer contract wireless customers in recent quarters as smartphone purchases have slowed since people rushed to buy the new Apple Inc. (AAPL) iPhone 4S in October. But the rate at which customers leave, known as churn, has been improving. AT&T is targeting alternative devices such as tablets and e-readers for new sources of revenue and is working to squeeze more out of existing customers through new services and fees, such as device-upgrade levies. AT&T also is continuing to shift attention away from its legacy businesses. In May, it sold a majority stake in its Yellow Pages business to private-equity firm Cerberus Capital Management LP in a $950 million deal. AT&T reported a profit of $3.9 billion, or 66 cents a share, up from $3.59 billion, or 60 cents, a year earlier. Revenue edged up 0.3% to $31.58 billion. Analysts polled by Thomson Reuters had most recently forecast earnings of 63 cents on revenue of $31.7 billion. Operating margin rose to 21.6% from 19.6%. In the latest period, AT&T added 320,000 customers who signed long-term service contracts, compared with 331,000 additions a year earlier and 187,000 additions in the first quarter. The company also added 1.3 million total wireless subscribers, pushing its base to 105.2 million, up 6.7% from a year earlier. Total postpaid churn, or customers who cancel services, was 0.97%, down from 1.15% a year earlier and 1.1% in the prior quarter. Total wireless revenue, including equipment sales, rose 4.8%, while wireless-service revenue grew 4.3%. Total data revenue increased 7.8% and voice revenue was down 10%. The company sold 5.1 million smartphones, representing 77% of postpaid device sales. Shares were trading 1.3% higher at $35.85 premarket. The stock has risen 17% over the past year through Monday's close. Write to Melodie Warner at melodie.warner@dowjones.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Att (T)
DateTimeHeadline
07/22/201609:44:00U.S. Hot Stocks: Hot Stocks to Watch
07/22/201603:03:00AT&T Sales Rise; Video Effort Lags -- WSJ
07/21/201619:15:00AT&T Sales Grow, but Video Effort Lags -- 2nd Update
07/21/201617:14:00AT&T Sales Grow, but Video Effort Lags--Update
07/21/201617:10:00AT&T Sales Grow, but Video Effort Lags
07/21/201617:00:00AT&T Sales Grow, but Video Effort Lags
07/21/201616:05:22Current Report Filing (8-k)
07/21/201616:03:07Current Report Filing (8-k)
07/21/201616:01:00AT&T Reports Second-Quarter Results
07/21/201609:14:00AT&T Ranked Highest in J.D. Power 2016 Business Wireline Customer...
07/20/201612:00:00Primary Wave Entertainment Teams with Peter Farrelly and Emmy®...
07/20/201609:00:00AT&T and Orange Collaborate on Open Source and Standardization...
07/19/201615:20:00AT&T, IBEW Reach Two Tentative Agreements Covering Former DIRECTV...
07/19/201614:10:00Telecom Carriers Call for Peer Review of FCC's Business Broadband...
07/19/201600:01:00AT&T Invests More Than $3 Billion Over 3-Year Period to Enhance...
07/18/201618:40:00AT&T, Others Make Down Payments for FCC Airwaves Auction
07/18/201609:30:00AT&T Offers Affordable LG Devices with LG K10™ Smartphone and L...
07/17/201620:00:00AT&T Simplifies Networking, Helps Save Costs for Businesses in...
07/15/201616:00:00AT&T, Others Make Down Payments for FCC Airwaves Auction
07/15/201615:50:00AT&T, Verizon, Comcast Make Down Payments for FCC Airwaves Auction

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 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad