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AT&T Reports Second Quarter Earnings, Raises Outlook
      07/22/10 09:29 AM

ATT reported double-digit earnings growth in second quarter with consolidated revenues increase, expanding margins and strong cash flow. The company said it told 3.2 million iPhones in Q2, a company record and added 1.6 million net wireless subscribers.

Here are some highlights of the Q2 numbers from ATT:

* $0.68 diluted EPS compares with $0.54 diluted EPS in the second quarter of 2009, up 25.9 percent; up 13.0 percent excluding a $0.07 one-time gain from a Telmex Internacional stock transaction
* $30.8 billion second-quarter consolidated revenues from continuing operations, up $194 million, or 0.6 percent, versus the year-earlier period and up $278 million, or 0.9 percent, sequentially
* Consolidated operating margin expansion to 19.8 percent, up from 18.0 percent in the year-earlier quarter
* 1.6 million organic net adds in total wireless subscribers, best-ever second quarter, to reach 90.1 million in service
* 3.2 million iPhone activations in second quarter, a company record
* Best-ever wireless churn levels, with 1.01 percent postpaid churn and 1.29 percent total churn
* 10.3 percent increase in wireless service revenues, with postpaid subscriber ARPU (average monthly revenues per subscriber) up 3.4 percent; sixth consecutive quarter with a year-over-year increase in postpaid ARPU
* 27.2 percent growth in wireless data revenues, up $936 million versus the year-earlier quarter
* 2.9 million net increase in 3G postpaid integrated devices on AT&T's wireless network to reach 29.7 million
* 32.0 percent growth in wireline consumer IP data revenues driven by AT&T U-verse? expansion; first-ever billion-dollar revenue quarter for AT&T U-verse services
* 209,000 net gain in AT&T U-verse TV subscribers to reach 2.5 million in service, with continued high broadband and voice attach rates
* 15.8 percent growth in revenues from strategic business services such as Ethernet, Virtual Private Networks (VPNs), hosting and application services



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