Earnings: AT&T Q1 Revs Up 6.1 Percent; 379,000 U-Verse TV Subs; Broadband Up 13.2 Percent
This story was written by Joseph Weisenthal.
AT&T (NYSE: T) has announced Q1 revenue of $30.7 billion, up 6.1 percent from $28.9 million in the year-ago period. Net income on an adjusted basis rose 10.3 percent to $4.5 billion. Non-adjusted, the company made $3.46 billion ($.57 per share), from $2.84 billion ($.45 per share) in the year-ago period. U-Verse TV subs ended at 379,000, an increase of 148,000 from the previous quarter. Total video connections, which includes satellite customers, hit 2.6 million. Its year-end goal of having over 1 million U-Verse subscribers is unchanged from the last time it offered such an outlook. Broadband revenue, which includes, U-Verse TV, internet and DSL was up 13.2 percent to $1.4 billion.
Wireless growth of 18.3 percent fueled the rise, while wireless data grew 57.3 percent. More coverage at our sister site mocoNews.net
Release | Webcast (10:00 AM ET)
By Joseph Weisenthal