AT&T on Wednesday posted Q3 earnings that beat analyst expectations with increases in revenue and net income, thanks largely to solid subscriber growth. It reported net income of $3.8 billion, or 72 cents per share, a 4.9 percent increase from the $3.6 billion, or 63 cents per share, it reported in the same quarter a year ago. Revenue was up 2.2 percent to $32.16 billion. Wireless subscribers increased by 989,000, including 363,000 contract wireless customers, compared with an increase of just 151,000 a year ago and 551,000 during Q2.
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AT&T Rustles Up New Subscribers, Beats Street
Posted by: Rachelle Dragani October 24, 2013 03:08 PMAT&T on Wednesday posted Q3 earnings that beat analyst expectations with increases in revenue and net income, thanks largely to solid subscriber growth. It reported net income of $3.8 billion, or 72 cents per share, a 4.9 percent increase from the $3.6 billion, or 63 cents per share, it reported in the same quarter a year ago. Revenue was up 2.2 percent to $32.16 billion. Wireless subscribers increased by 989,000, including 363,000 contract wireless customers, compared with an increase of just 151,000 a year ago and 551,000 during Q2.