by Jason Wilk on May 4, 2009
by Jason Wilk on April 22, 2009

- 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.

by Jason Wilk on March 26, 2009

- With the end of Q1 2009 almost here, trying to cut costs at the last minute to impress investors is becoming a quick trend. We just heard about Google layoffs, now 5,000 people from IBM are losing their jobs in the U.S. Amazon cut 210 people at three distribution centers in Nevada, Indiana, and Pennsylvania. The New York Times also announced a 5 percent cut(1oo people) of its
business operations. This is not a good sign of what is to come out of Q1 earnings. Companies are clearly trying to look more lean as they woo investors on staying with them through tough times.