AT&T (NYSE: T) Earnings Q2 2011

Email LinkedIn
Tools

View AT&T Q2 Earnings Report

Highlights:

  • 9.5 percent growth in wireless revenues, with a 7.4 percent increase in wireless service revenues
  • Total wireless subscribers up 1.1 million to reach 98.6 million subscribers in service, with gains in every customer category including 331,000 postpaid net adds
  • Best-ever second-quarter smartphone sales of 5.6 million; nearly 70 percent of total postpaid sales were smartphones
  • iPhone activations remain strong at 3.6 million, with 24 percent of subscribers new to AT&T; iPhone subscriber churn down slightly sequentially
  • Sales of Android and other smartphones doubled year over year; more than 40 percent of smartphone sales in the quarter
  • Branded computing subscribers (includes tablets, aircards, MiFi devices, tethering plans and other data-only devices) up 545,000, almost doubling since the second quarter of 2010 to reach 4.0 million
  • 23.4 percent growth in wireless data revenues, up $1 billion versus the year-earlier quarter
  • Postpaid subscriber ARPU (average monthly revenues per subscriber) up 2.0 percent to $63.87, the tenth consecutive quarter with a year-over-year increase
  • Fourth consecutive quarter of year-over-year growth in wireline consumer revenues, driven by AT&T U-verse® services
  • 202,000 net gain in AT&T U-verse TV subscribers to reach 3.4 million in service, with continued high broadband and voice attach rates
  • 21.9 percent growth in wireline consumer Internet Protocol (IP) data revenues to reach nearly half of consumer revenue, driven by continued AT&T U-verse expansion
  • Continued increase in strategic business services revenues, up 19.4 percent year over year, their strongest growth in six quarters
  • $0.60 diluted EPS, compared to $0.67 diluted EPS, and $0.60 per diluted share when excluding a significant item in the second quarter of 2010
  • Consolidated revenues of $31.5 billion in the second quarter, up more than $680 million, or 2.2 percent, versus the year-earlier period

Key statistics for AT&T from Yahoo! Finance

AT&T's website

Related Articles:
AT&T spending $1 billion on enterprise services

AT&T to throttle heaviest mobile broadband users

AT&T to purchase T-Mobile USA for $39 billion

AT&T Mobility chief admits Windows Phone 7 devices haven't sold well

AT&T to recover nearly $1B in wrongful taxes on wireless data services