AT&T reports solid Q3 as subscribers pass the 100 million mark

AT&T on Thursday reported results for the third quarter of 2011 that were in line with expectations. The carrier gained 2.1 million net subscribers to pass 100 million total subscribers for the first time, though revenue of�$31.5 billion was down marginally from the same quarter a year earlier. Third-quarter net income of $3.6 billion or�$0.61 per share was down from $12.3 billion or�$2.07 per share in the same quarter last year, but up from $0.54 per share year-over-year when excluding one-time gains.�Wireless data revenue was up 18%, or�$857 million, from the same quarter last year to $5.6 billion. AT&T sold�4.8 million smartphones during the third quarter, which includes iPhone activations totaling 2.7 million units. “Smartphones, connected devices and tablets all

Source: http://www.bgr.com/2011/10/20/att-reports-solid-q3-as-subscribers-pass-the-100-million-mark/

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