AT&T Announces Revenues Of $32.6 Billion For Q4 2012

AT&T has announced their Q4 2012 earnings this week.  The company reported revenues of $32.6 billion, which is an increase of 0.2% year-over-year and an EPS of $0.44.  AT&T sold 10.2 million smartphones and they activated 8.6 million Apple iPhones.  Wall Street was predicting an earnings per share of $0.46 with revenues of $32.2 billion in revenue for the quarter.

AT&T has 107 million postpaid subscribers, which is a net increase of 1.1 million from the previous quarter.  AT&T’s smartphone sales were the highest for the company ever recorded for a quarter.  Before the earnings report, AT&T announced that they crossed the 10 million smartphones sold for the quarter, including iPhones and Androids.

AT&T’s wireline revenues were $14.9 billion, which is down slightly year-over-year.  Operating income for the wireline lifted to around $1.8 billion.  Around 192,000 subscribers signed up for AT&T’s U-verse TV service and the company’s U-verse High Speed Internet picked up around 609,000 new subscribers to a total of 7.7 million.  Revenue from residential customers are up 3% from the quarter one year ago.

[Source: TechCrunch]


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