- AT&T reported solid earnings today, showing little to no signs of slowing from the rough economic state. Beating the Street estimates, the death star delivered first quarter net income of $3.1 billion, or 53 cents a share, on revenue of $30.6 billion. CEO Randall Stephenson said the company continues to play through a tough economy and invest in growth areas.
Highlights:
- AT&T added 875,000 new post-paid subscribers, up 9.2 percent from last year. They now have 78.2 million total wireless subscribers (40% own a 3G device)
- Wireless data revenue is up 38.6 percent from a year ago.
- AT&T doubled the amount of text messages delivered to more than 94 billion. Wow.
- 1.6 million iPhones were activated in the first quarter (40% new to AT&T). That’s down from 1.9 million in the fourth quarter and 2.4 million in the third quarter.
- AT&T added 284,000 U-verse TV subscribers to hit a total of 1.3 million TV subs.
- Total broadband subscribers (includes 3G wireless cards) increased by 471,000 in the first quarter to hit 16.7 million.
