AT&T’s Quarterly Earnings Beat Expectations, Profitability Hit by Higher Costs

AT&T’s Quarterly Earnings Beat Expectations, Profitability Hit by Higher Costs

AT&T’s reported on Tuesday that its quarterly earnings for Q2 2013 were ahead of Wall Street expectations. The carrier added wireless subscribers but saw its profitability take a hit by higher costs.



AT&T, the No. 2 U.S. mobile service provider, said it added more than 550,000 contract customers in the quarter, slightly ahead of its target for about 500,000 and an improvement from its 320,000 net additions in the year-ago quarter.

The company posted earnings of $3.82 billion, or 71 cents per share, compared with $3.97 billion, or 66 cents per share in the year-ago quarter.

Revenue rose to $32.08 billion from $31.58 billion, Wall Street expectations were for $31.81 billion, according to Thomson Reuters I/B/E/S.

AT&T sold a record 6.8 million smartphones, activating 3.7 million iPhones during the quarter. AT&T also said it activated a company record number of Android smartphones during the quarter.

AT&T shares were mostly flat in after-hours trading after the new earnings report, increasing by $0.10.


  1. Beatles Yellow Submarine e-Book Now Free on iTunes (as a Tribute to Steve Jobs)
  2. Kuo: Apple to Release 12-inch Retina MacBook, Higher-Resolution iPad, Cheaper iMac in 2014
  3. Ron Johnson, VP of Retail At Apple, Jumps Ship To Lead J.C. Penney
  4. Foxconn Gearing up for iPhone 6 Production – Hiring 100,000 New Workers
  5. Steve Jobs Directly and Repeatedly Warned Samsung Not to Steal Inertial Scrolling Patent
  6. Apple Officially Joins NFC Forum
Giveaways by iDrop News

iPhone X Giveaway



MacBook Pro Giveaway



10.5″ iPad Pro Giveaway



iPhone 8 Plus Giveaway