AT&T slightly missed analyst expectations on its first quarter earnings report this week, despite solid growth on the wireless data side of the business and record smartphone sales. The company reported net income of $3.7 billion, a slight increase from the $3.6 billion it reported a year earlier. At $31.34 billion, revenues were down 1.4 percent from the previous year. AT&T’s quarter was especially helped by the consumers that continue to turn to their smartphones and tablets for their connectivity needs.
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Q1 Wireless Gains Can't Help AT&T Chase Down Verizon
Posted by: Rachelle Dragani April 24, 2013 11:28 AMAT&T slightly missed analyst expectations on its first quarter earnings report this week, despite solid growth on the wireless data side of the business and record smartphone sales. The company reported net income of $3.7 billion, a slight increase from the $3.6 billion it reported a year earlier. At $31.34 billion, revenues were down 1.4 percent from the previous year. AT&T’s quarter was especially helped by the consumers that continue to turn to their smartphones and tablets for their connectivity needs.