AT&T posts strong earnings ahead of buyout

October 21, 2005

AT&T Friday reported earnings soaring in the third quarter ahead of its acquisition by SBC Communications.

The long-distance carrier reported earnings rising to $520 million, compared to a loss of $7.1 billion posted the same quarter a year ago. Revenue, however, fell to $6.62 billion from $7.64 billion.

For the full year, AT&T said that its annual sales should reach $26.5 billion, up from the earlier target of $25 billion.

AT&T should be bought out by SBC by next year, pending U.S. government approval.

Copyright 2005 by United Press International

Explore further: Pesticide-makers point to other culprits in bee die-offs

Related Stories

Pesticide-makers point to other culprits in bee die-offs

November 23, 2015

In a Nordic-inspired building tucked in a corner of the Bayer CropScience North American headquarters, high school students wander through 6,000 square feet dedicated entirely to the specialness of bees. Children taste different ...

After poking Facebook, life ain't easy for a site named Tsu

November 11, 2015

Suppose every time you posted on Facebook, the social network tallied up the ad revenue it earned against your update and passed a percentage back to you. Of course, Facebook does nothing of the sort—but its much smaller ...

Tesla's 3Q loss widens, but shares rise on production

November 4, 2015

Tesla Motors' net loss more than tripled in the third quarter as expenses and research costs rose, but investors cheered news that the company expects to meet or exceed its production targets this year.

Recommended for you

NASA's space-station resupply missions to relaunch

November 29, 2015

NASA's commercial space program returns to flight this week as one of its private cargo haulers, Orbital ATK, is to launch its first supply shipment to the International Space Station in more than 13 months.

CERN collides heavy nuclei at new record high energy

November 25, 2015

The world's most powerful accelerator, the 27 km long Large Hadron Collider (LHC) operating at CERN in Geneva established collisions between lead nuclei, this morning, at the highest energies ever. The LHC has been colliding ...


Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.