AT & T 2Q profit plunges to 3.2 (3.8) billion USD

The U.S. telecommunications group AT & T has in the second quarter earned less than a year earlier. Net income fell auf3, 2 billion USD from 3.8 billion USD in the year-earlier period, the company announced on Thursday. Earnings per share amounted to 0.54 (previous year 0.63) USD. Thus it was slightly higher than the previous quarter (0.53 USD). From Market Watch interviewed analysts had on average a loss per share of 0.51 USD is expected. The revenue reached USD 30.7 billion and were thus slightly below the previous year’s figure of 30.9 billion USD.

It had a strong growth in wireless and mobile data services, impact of economic crisis and costs incurred by the launch of the new 3G iPhones in June emerged were mitigated. Analysts had expected profit with less.

Robust sales development
Sales developed with a slight decline from 0.4 percent to 30.7 billion U.S. dollars stable. AT & T won in the months of April-June 1.4 million new mobile customers and 79.6 million stays with the customer number two on the U.S. mobile market behind Verizion Wireless. The joint venture of Verizon and Vodafone, following its acquisition of Alltel to number one Ascended.


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