Net income rose to $3.46 billion, or 57 cents a share, from $2.85 billion, or 45 cents a share, in the 2006 first quarter. Revenue increased 6.1% to $30.74 billion from $28.97 billion. Wireless sales were up 18% to $11.8 billion. AT&T, the exclusive provider of the Apple iPhone, ended the first quarter with a nation-leading 71.4 million mobile customers.
Some Wall Street analysts, however, were expecting the company to add as many as 1.5 million subscribers. AT&T said net additions were reduced by 330,000 customers related to the shutdown of the company's older TDMA wireless network.
Excluding acquisition-related expenses and other one-time costs, AT&T earned $4.5 billion, or 74 cents a share, compared with $4.1 billion, or 65 cents, a year ealrier.
The adjusted profit exceeded Wall Street's forecast. AT&T was expected to earn 72 cents a share on revenue of $30.67 billion, according to the average of analysts surveyed by financial-data provider FactSet Research.
AT&T added 491,000 high-speed Internet customers to bring its total to 14.6 million, also the No. 1 market position in the U.S. And AT&T gained 148,000 customers for its new U-Verse fiber-TV service to finish with 379,000 in service.
Parisian Family Office, Founder & CEO. Started Wall Street, '82. Drexel Burnham alum in LaJolla, CA. Founded Native American Advisors, Chippewa Partners. '95. Chippewa. Conservative. Raised on reservations. Was NYSE/FINRA arbitrator. Trading O'Neil/CANSLIM methodology at PAMELOT, TN farm, GHOST RANCH, MT, on the Yellowstone River, or CASA TULE', their winter camp in Los Cabos, Mexico. Will always be, a relentless optimist with radical gratitude.
Parisian Family Office, Founder & CEO. Started Wall Street, '82. Drexel Burnham alum in LaJolla, CA. Founded Native American Advisors, Chippewa Partners. '95. Chippewa. Conservative. Raised on reservations. Was NYSE/FINRA arbitrator. Trading O'Neil/CANSLIM methodology at PAMELOT, TN farm, GHOST RANCH, MT, on the Yellowstone River, or CASA TULE', their winter camp in Los Cabos, Mexico. Will always be, a relentless optimist with radical gratitude.
No comments:
Post a Comment