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 Net Rises 8.7% as Turnover Rate Improve

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 [email protected] Copyright (c) 2012 Dow Jones & Company, Inc. Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Att (T)
DateTimeHeadline
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)
02/14/201711:45:35Amended Statement of Changes in Beneficial Ownership (4/a)
02/14/201711:40:19Amended 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