AT&T loses contract phone subscribers in 1Q

Apr 23, 2013

AT&T Inc. says that it added a net 296,000 devices to its contract-based plans in the first quarter, but the gain was due entirely to tablets, which carry lower monthly fees.

Excluding tablets, the carrier lost a net 69,000 devices from its contract-based plans, the first such loss.

The figures were announced Tuesday as the company reported a 3 percent gain in net income to $3.7 billion, or 67 cents per share.

Excluding the sale of an advertising business, adjusted earnings came to 64 cents per share, matching the expectation of analysts polled by FactSet.

Revenue fell nearly 2 percent to $31.36 billion, below the $31.74 billion that analysts were looking for.

Shares of the Dallas company are off 2 percent to $38.20 in after-hours trading.

Explore further: BlackBerry courts iPhone users with cash

not rated yet
add to favorites email to friend print save as pdf

Related Stories

CenturyLink 3Q net income falls as expenses rise

Nov 02, 2011

(AP) -- Phone company CenturyLink Inc. says its third-quarter net income fell as rising operating expenses related to its April acquisition of larger phone company Qwest overshadowed increased revenue.

Verizon Communications 4Q loss widens

Jan 22, 2013

Verizon Communications' fourth-quarter loss widened, dragged down by restructuring, pension and Superstorm Sandy costs. The company activated a record number of new devices on its contract-based plans during the period.

AT&T sees fewer new customers in 3Q

Oct 24, 2012

(AP)—The flow of customers into AT&T's wireless stores slowed further in the latest quarter, putting the company far behind rival Verizon Wireless.

TI 2Q revenue rises 42 pct as demand roars back

Jul 19, 2010

(AP) -- Texas Instruments Inc.' second-quarter income and revenue jumped as demand continued to recover after the recession. The company predicted even better results in the new quarter.

Dell earnings down 31 percent in 4Q

Feb 19, 2013

(AP)—Dell Inc.'s net income fell 31 percent in the latest quarter as the company continued to be hurt by a shrinking PC market.

Recommended for you

BlackBerry courts iPhone users with cash

12 hours ago

Canadian smartphone maker BlackBerry is wooing Apple customers with a cash offer for trade-ins of iPhones for its new square-screened, keyboard-equipped Passport.

HP earnings show continued struggle

13 hours ago

Venerable tech giant Hewlett-Packard has been struggling for three years to turn its business around. Its latest earnings show it still has more work ahead.

Apple market value hits $700 bn

19 hours ago

A rise in Apple shares Tuesday pushed the market value of the trend-setting US tech icon above $700 billion, becoming the first company to hit that milestone.

User comments : 0

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.