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: Backup options for Internet lines can be costly, complicated

add to favorites email to friend print save as pdf

Related Stories

Special ops troops using flawed intel software

21 hours ago

Special operations troops heading to war zones are asking for commercial intelligence analysis software they say will help their missions. But their requests are languishing, and they are being ordered to use a flawed, in-house ...

Recommended for you

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.