Skip to: Content
Skip to: Site Navigation
Skip to: Search

September 6, 2008 2:37:43 AM CDT

Learn about Newser Points »

« Back to the grid | Next story »

Wireless Drives AT&T Growth

Posted Apr 22, 08 2:43 PM CDT in Technology,  Business 

(Newser) – AT&T posted a 22% increase in net income during the first quarter, thanks to strong growth in its wireless unit. Its wireless earnings nearly doubled, while landline earnings dropped 2.1%. The company’s net income was $3.46 billion (57 cents a share), compared to $2.85 billion (45 cents a share) a year ago, reports the Wall Street Journal.

The results include charges connected to acquisition expenses and landline unit layoffs. Revenues at the wireless business went up 18%, driven by additional subscribers and an increase in average revenue per subscriber. Wireless data services also saw rapid growth, going up 57% to reach 22% of the company’s wireless service revenue.

Source Wall Street Journal

0 comments | Print E-mail | Digg Seed this on Newsvine Add this link to Del.icio.us StumbleUpon

Related Newser Stories

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

    Jan 24, 08 7:53 PM CST
    AT&T's 4Q Numbers Bolstered by Cell Sales 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. More »

Consumers wait in front of a Little Rock, Ark., AT&T Wireless store, June 29, 2007, to be first in line to buy a new Apple iPhone. The iPhone has helped drive strong wireless business growth.   (AP Photo/Danny Johnston)
An AT&T retail store is shown in New York's Times Square on Tuesday, March 18, 2008.   (AP Photo/Mark Lennihan)
The AT&T logo is seen on one of its buildings in San Antonio, Monday, April 23, 2007.   (AP Photo/Eric Gay)
« Prev« Prev | Next »Next » Slideshow
Our editors also recommend:

Threads (1 of 2)

Tags

earnings reports  • AT&T  • telecom industry  • telephone  • wireless industry  • land lines


Loading...

Premium Articles from HighBeam

Find more articles like this

Today's Most Popular


Other Business Stories

What is Newser?

2008 Codie Finalist

Newser gives you more news in less time. We search for the best and most important stories all over the web, read them for you, and deliver concise and sharp summaries—along with links to the full text. Newser provides a way to stay on top of an ever-expanding horizon of news and opinion—politics, sports, business, trends, technology, personalities, crimes, and controversies. Newser keeps you not just better informed, but, with our signature graphic interface and smart condensed format, more enjoyably informed.

Learn more »