Data Drives AT&T's $3.6B Q1 Profit
Wireless subscriber figures, however, fell compared to the same quarter last year. The operator said that it added a net of 726,000 wireless subscribers versus 2 million in the same period in 2011. (See AT&T Reports Q1.)
The operator had seen record sales in the fourth quarter of 2011, with 9.4 million smartphones sold, including 7.6 million iPhone activations. For the first quarter of 2012, it sold 5.5 million smartphones, with 4.3 million activations. This is still a record for the carrier in the traditionally slower first three months of the year. (See T-Mobile Breakup Causes $6.7B Q4 Loss for AT&T .)
AT&T earned 60 cents a share on revenues of $31.82 billion. A year earlier it reported a profit of $3.4 billion or 57 cents a share on revenues of $31.25 billion. (See US Wireless Q1 Scorecard .)
Analysts polled by Thomson Reuters had been expecting earnings per share of 57 cents.
— Dan Jones, Site Editor, Light Reading Mobile