AT&T has excellent second quarter |
|
 AT&T stockholders have nothing to complain about after the company posted quarterly results that were better than outsiders were expecting. Earnings for the quarter were 58 cents per share in the second quarter, a 35% jump from last year. That includes the results from AT&T’s 60% share in Cingular, but does not include any merger costs or special charges. Analysts were predicting a number closer to 53 cents per share.
A big contributor to the boost in profits was that share in Cingular. The mobile phone service added 1.5 million subscribers in the quarter. If Cingular continues to roll, it will only get better, because AT&T is about to buy BellSouth, their partner in Cingular, effectively taking complete control of the service provider with the squishy orange mascot. Bellsouth posted results that were up by 15%, so both companies come into their new arrangement in decent shape.
Traditional phone customers continue to disappear, so the mobile customers become even more crucial for the company. AT&T is also adding web-based television this year, as well as developing a wider fiber-optic network.
Via Yahoo! News
|
 Reader Ratings |
|
| This article has been rated 20% by 2 user(s).
|
|
Recent Headlines
Sony Cyber-shot T500 P&S Camera Does HD Video- posted on Thursday August 28, 2008 1:41 PM CDT
A BlackBerry Thunder Storm, By Any Other Name...- posted on Thursday August 28, 2008 1:33 PM CDT
Life's Good with HSDPA-Equipped LG X110 Subnotebook- posted on Thursday August 28, 2008 1:26 PM CDT
New Wi-Fi Digital Picture Frames from Samsung- posted on Thursday August 28, 2008 1:15 PM CDT
Thin Sony Walkman Suggests Songs For You- posted on Thursday August 28, 2008 1:07 PM CDT
Lamborghini Murcielago LP640 Decked Out in Chrome- posted on Thursday August 28, 2008 12:36 PM CDT
NEC Touchscreen PC is Powered by Intel Atom- posted on Thursday August 28, 2008 12:27 PM CDT
6GB for $30 Data Plan from Rogers Ends Sunday- posted on Thursday August 28, 2008 12:18 PM CDT
Track Your Pennies with iPhone 3G Expense Application- posted on Wednesday August 27, 2008 2:27 PM CDT
Palm Treo Pro Smartphone Dubbed Best Palm Hardware to Date- posted on Wednesday August 27, 2008 2:17 PM CDT
Dell Merging Studio Line with XPS Line of Notebooks- posted on Wednesday August 27, 2008 2:08 PM CDT
Apple iPhone 3G TV Commercial Pulled Due to False Advertising- posted on Wednesday August 27, 2008 1:59 PM CDT
Military-Spec Samsung a837 Pushes to Talk on AT&T- posted on Wednesday August 27, 2008 1:53 PM CDT
Next-Gen Nintendo DS Getting Two Touchscreens for the Price of One- posted on Wednesday August 27, 2008 1:47 PM CDT
HTC Touch Diamond Comes to Sprint Tomorrow?- posted on Wednesday August 27, 2008 1:32 PM CDT
SanDisk Extreme III SDHC Cards 50% Faster Than Predecessor- posted on Wednesday August 27, 2008 1:26 PM CDT
No More Unlimited Data Plan from Telus- posted on Wednesday August 27, 2008 1:20 PM CDT
Decapitated Teddy Bear Drive is the Stuff of Nightmares- posted on Wednesday August 27, 2008 1:16 PM CDT
Feature: Would You Buy an Apple UMPC or MID?- posted on Tuesday August 26, 2008 7:27 PM CDT
Video: Unboxing Palm Treo Pro, Sizing Up Against Competitors- posted on Tuesday August 26, 2008 3:19 PM CDT
BlueAnt V1 Bluetooth Headset Shipping Very Soon- posted on Tuesday August 26, 2008 3:01 PM CDT
Canon PowerShot E1 Digital Camera is For the Ladies Only- posted on Tuesday August 26, 2008 2:54 PM CDT
HTC S740 Smartphone Borrows Style from HTC Touch Diamond- posted on Tuesday August 26, 2008 2:40 PM CDT
An Intense Dissection of the T-Mobile HTC Dream G1 Smartphone- posted on Tuesday August 26, 2008 1:47 PM CDT
Is the Palm Treo Pro Coming to Canada?- posted on Tuesday August 26, 2008 1:41 PM CDT
|
|
|
|
XML Feed