AT&T posts strong earnings ahead of buyout

Oct 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: Apple sees iCloud attacks; China hack reported

add to favorites email to friend print save as pdf

Related Stories

U2 go from rock legends to accused spammers

Oct 11, 2014

U2 and Apple planned the gesture for maximum publicity—a concert by the Irish megastars at the tech giant's latest product launch, with the surprise that their new album had just been released for free ...

GoPro gearing up to share more of its users' videos

Oct 10, 2014

For years, thrill seekers have worn GoPro video cameras to capture hair-raising skydiving, motorcycle racing and snowboarding footage from a first-person point of view. They've documented up-close and personal encounters ...

Mars mission opens India for space business (Update)

Sep 24, 2014

India celebrated putting a spacecraft into orbit around Mars on Wednesday, hoping the rare feat will show the world it is open for business in space exploration and inspire a new generation of homegrown scientists ...

New RFID technology helps robots find household objects

Sep 22, 2014

Mobile robots could be much more useful in homes, if they could locate people, places and objects. Today's robots usually see the world with cameras and lasers, which have difficulty reliably recognizing ...

Recommended for you

Apple sees iCloud attacks; China hack reported

1 hour ago

Apple said Tuesday its iCloud server has been the target of "intermittent" attacks, hours after a security blog said Chinese authorities had been trying to hack into the system.

HP supercomputer at NREL garners top honor

3 hours ago

A supercomputer created by Hewlett-Packard (HP) and the Energy Department's National Renewable Energy Laboratory (NREL) that uses warm water to cool its servers, and then re-uses that water to heat its building, has been ...

Turner channels removed from Dish amid pact spat

4 hours ago

Channels such as Cartoon Network and CNN are no longer part of Dish's programming lineup as a deadline has passed for the satellite TV provider and Turner Broadcasting to renew their distribution agreement.

User comments : 0