Friday, October 23, 2009

Telecom Earnings Update



AT&T earnings beat the Street by 4 cents -.54 actual earnings Per Share versus the expected .50.
    - Revenues - $30.9 billion for the period. - Two million increase in total wireless subscribers - highest third-quarter net gain in the company's history. - 4.3 million postpaid 3G integrated wireless devices added to AT&T's network, the largest quarterly increase in the company's history; integrated device growth included 3.2 million iPhone activations. - 33.6 percent increase in wireless data revenues to $3.6 billion. - 240,000 net gain in AT&T U-verseSM TV subscribers — up from 232,000 added in the year-earlier third quarter — to reach 1.8 million in service. - 18.7 percent growth in wireline IP data revenues driven by AT&T U-verse expansion and growth in advanced business products. - $9.7 billion cash from operating activities in the third quarter and $25.5 billion year to date."

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C. Cohn
Cohn-Reilly Report / News Flash

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