Following the solid quarter Verizon posted on Tuesday, ATT on Wednesday reported its results for the second quarter. Wall Street was expecting a slight on-year decline in EPS, with consensus earnings of $0.65 seen on revenue totaling $33.22 billion, an improvement over the $32.1 billion in sales it posted in the June quarter last year. The numbers are now in, and ATT beat expectations, having reported earnings of $0.68 per share on revenue of $32.6 billion. In the first quarter this year, the nation’s No. 2 wireless carrier managed to add 1 million net subscribers, which included an impressive 625,000 net postpaid additions. Last quarter, ATT added 707,000 net postpaid smartphone subscribers and 366,000 net tablet subscribers. The carrier added 1.03 million net subs in total. ATT
AT&T beats estimates in Q2, adds 700,000 net new smartphone subscribers
24
Jul
2014
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