AT&T Q2 Earnings Beat Analysts’ Estimates, Wireless Rebounds
AT&T gained 127,000 wireless customers in the second quarter, compared with analysts’ average projection for a loss of more than 22,700.
AT&T gained 127,000 wireless customers in the second quarter, compared with analysts’ average projection for a loss of more than 22,700.
AT&T’s first-quarter revenues from business customers totaled $16.8 billion, down 4.3 percent, due to declines in legacy wireline services and fewer wireless equipment upgrades.
Revenue from strategic business services grew by $226 million, or 8.3 percent, compared to the year-ago quarter.
The merger is subject to approval by Time Warner shareholders and review by the U.S. Department of Justice.
A robocall, for example, can be a call from someone claiming to be with the Internal Revenue Service, and saying you owe the government money and will be arrested unless you pay immediately.
Business wireless revenues were up 2 percent year over year, to $9.7 billion, driven by wireless service revenue growth, which offset lower equipment revenues.
Revenue for the latest quarter totaled $40.5 billion, up from a little less than $32.6 billion for the year-ago quarter.
AT&T ended the fourth quarter with 73.7 million business wireless subscribers.
AT&T chief executive Randall Stephenson disclosed AT&T’s plans to halt its investment just days after President Obama called for the FCC to regulate the Internet under a regime that is reminiscent of monopoly phone companies.
Meantime, a well-known credit agency is calling a Sprint-T-Mobile merger a “high-risk, high-reward” proposition.
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