Reuters: Technology News: AT&T posts revenue just below Wall Street expectations

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AT&T posts revenue just below Wall Street expectations Oct 23rd 2013, 20:30 Tweet Share this Email Print Reprints The AT&T logo is pictured by its store in Carlsbad, California, April 22, 2013. Credit: Reuters/Mike Blake NEW YORK | Wed Oct 23, 2013 4:30pm EDT NEW YORK (Reuters) - AT&T Inc posted third quarter revenue on Wednesday that was slightly below Wall Street estimates, but net income was a penny ahead as the company worked to control costs. The No. 2 U.S. mobile service provider had a third-quarter profit of $3.81 billion, or 72 cents, per share compared with $3.63 billion, or 63 cents, per share in the year-ago quarter. Excluding unusual items, the company earned 66 cents per share in the third quarter compared with analyst estimates of 65 cents, according to Thomson Reuters I/B/E/S. Revenue rose to $32.16 billion from $31.46 billion and compared with Wall Street expectations for $32.19 billion, according to Thomson Reuters I/B/E/S. AT&T reported 363,000 net postpaid subscriber additions in the quarter, slightly ahead of Wall Street expectations for just over 344,000 from eight analysts contacted by Reuters. But growth was well behind bigger rival Verizon Wireless, which reported 927,000 new customers in the quarter on Oct 17. (Reporting by Sinead Carew. Editing by Andre Grenon) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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