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AT&T Reports Record Wireless Sales, Growth in Revenues and Subscribers
      #38898 - 10/21/10 10:33 AM

ATT has announced their 3rd quarter earnings reporting record wireless sales, strong fevenue and earnings growth. Here are some of the highlights from last quarter financial reports:

In general:

- $2.08 diluted EPS compared to $0.54 diluted EPS in the third quarter of 2009; EPS of $0.55, excluding $1.53 in one-time gains from a previously disclosed tax settlement and the sale of Sterling Commerce
- Consolidated revenues from continuing operations of $31.6 billion in the third quarter, up $847 million, or 2.8 percent, versus the year-earlier period

Wireless:

- 11.4 percent growth in wireless revenues, with a 10.5 percent increase in wireless service revenues
- Record wireless volumes, with more than 8 million postpaid integrated device sales
- 2.6 million increase in total wireless subscribers ? the highest third-quarter net gain in the company's history ? to reach 92.8 million subscribers in service
- Postpaid subscriber ARPU (average monthly revenues per subscriber) up 2.0 percent to $62.84, the seventh consecutive quarter with a year-over-year increase
- 1.32 percent total wireless churn, best-ever third-quarter
- 30.5 percent growth in wireless data revenues, up $1.1 billion versus the year-earlier quarter

Wireline and U-verse:

- First year-over-year growth in wireline consumer revenues in more than two years
- 30.0 percent growth in consumer IP data revenues, driven by AT&T U-verse? expansion
- 236,000 net gain in AT&T U-verse TV subscribers to reach 2.7 million in service, with continued high broadband and voice attach rates
- 148,000 net gain in wireline broadband connections
- 15.4 percent growth in revenues from strategic business services such as Ethernet, Virtual Private Networks (VPNs), hosting and application services




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