AT&T meets expectations with 67-cent earnings-per-share in Q2 2013
AT&T has announced their Q2 2013 earnings, stating that a record number of Android sales helped bring adjusted earnings of 67-cents per share on revenue at $32.1 billion. Randall Stephenson, AT&T chairman and CEO said in the prepared statement:
This was a solid quarter for revenue and customer additions across our key growth platform. Our 4G LTE network is the fastest and the most reliable in the nation, and deployment is ahead of schedule. That contributed to a step-up in postpaid subscriber gains, and strong mobile data revenue growth of nearly 20 percent. Growth in U-verse and strategic business services also continued to be strong — adding to our momentum.
Other highlights from the press release mention an increase of over 500,000 post-paid subscribers, and an increase of over 630,000 total subscribers for the quarter, an increase of 5.7-percent in wireless revenues to total over $17 billion, and a total of 35-percent of all customers using their LTE network which is expected to cover nearly 270 million people in 400 markets by year-end.
The second quarter also saw smartphone sales of almost $7 billion, which includes a record number of Android devices. Smartphone users now account for 88-percent of postpaid phone sales.
The full details can be found in the press release after the break, or via AT&T's live earnings call on the web.
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