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AT&T's 4Q Numbers Bolstered by Cell Sales
Other operations lagging behind
By Sam Biddle
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Posted Jan 24, 08 7:53 PM CST
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(Newser)
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AT&T's quarterly numbers indicate strong wireless sales, the Wall Street Journal reports, though unimpressive figures from its landline and Internet divisions have left some analysts and investors concerned. AT&T enjoyed a quarterly revenue of $3.14 billion—up from $1.94 billion this time last year—bolstered by the highest quarterly gain for a US cellular provider.
The company added 2.7 million new wireless subscribers—beating out analysts’ estimates—many of whom were drawn to the carrier by the continued allure of Apple’s iPhone. But the wireless growth wasn’t enough to help the company's share price, which dipped 2.6% to $35.75 in late afternoon trading, in line with general declines throughout the market.