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AT&T Reports Q2

AT&T posted its ninth consecutive quarter of double-digit growth in adjusted earnings per share

July 24, 2007

2 Min Read

SAN ANTONIO -- AT&T Inc. (NYSE: T) today posted its ninth consecutive quarter of double-digit growth in adjusted earnings per share as it ramped revenue growth and delivered continued strong execution in merger integration. Results were led by accelerated growth in wireless and IP (Internet Protocol)-based services along with substantial improvement in enterprise revenue trends.

AT&T is the United States’ wireless leader, with 63.7 million subscribers, and one of the world’s leading providers of business communications services, with high quality networks and a growing array of advanced services.

AT&T's second-quarter 2007 reported earnings per diluted share were $0.47 versus $0.46 in the year-earlier quarter. Adjusted earnings per share, which exclude costs and accounting effects related to major acquisitions, were $0.70, up 20.7 percent versus adjusted earnings per share of $0.58 in the year-earlier quarter.

"AT&T has a strong foundation for growth in wireless and IP-based services, and in the second quarter we improved our trajectory in key areas," said Randall Stephenson, AT&T chairman and chief executive officer. “Wireless revenue growth accelerated for the fourth consecutive quarter. Our U-verse video service has begun to ramp aggressively. And we took a major step up toward revenue growth in enterprise services, where AT&T has tremendous assets and great potential.

“Mobility is a major growth engine for AT&T,” Stephenson said. “Our launch with Apple of the breakthrough iPhone has quickly redefined customer expectations for their wireless experience, initial response was unprecedented, and sales in July continue to be strong. On June 29, we also announced an agreement to acquire Dobson Communications, which will further expand our wireless coverage in key rural and suburban areas.

“At AT&T, our goals are to lead in innovation and drive sustainable growth across all our businesses,” Stephenson said. “We have good momentum heading into the second half of the year, our assets position us well for the long term, and I am excited about the opportunities ahead.”

AT&T Inc. (NYSE: T)

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