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AT&T's 4Q Numbers Bolstered by Cell Sales

Other operations lagging behind

By Sam Biddle,  Newser Staff

Posted Jan 24, 2008 7:53 PM CST

(Newser) – 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.

Apple's iPhone, carried exclusively by AT&T, helped boost the company's wireless sales this quarter. (AP Photo/Jason DeCrow, file)
Apple's iPhone, carried exclusively by AT&T, helped boost the company's wireless sales this quarter. (AP Photo/Jason DeCrow, file)   (Associated Press)
AT&T's wireless operation remains strong, despite shortcomings elsewhere in the company.
AT&T's wireless operation remains strong, despite shortcomings elsewhere in the company.   (Getty Images)
The AT&T,  Inc. logo is seen on on of the company's buildings in San Antonio in this April 25, 2006 file photo. (AP Photo/Eric Gay, file)
The AT&T, Inc. logo is seen on on of the company's buildings in San Antonio in this April 25, 2006 file photo. (AP Photo/Eric Gay, file)   (Associated Press)
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