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Data Drives AT&T's $3.6B Q1 Profit

Wireless data usage once again helped to push AT&T Inc. (NYSE: T)'s profits up 5 percent to $3.6 billion for the first quarter of 2012.

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

joset01 12/5/2012 | 5:35:25 PM
re: Data Drives AT&T's $3.6B Q1 Profit

That's what mobile boss Ralph de La Vega is saying on the Q1 call:


 


Customers "love our 4G network," he claims.


 


BTW, when de la Vega says 4G he means AT&T's combo of LTE and 4G.


 


What say you?

sarahthomas1011 12/5/2012 | 5:35:24 PM
re: Data Drives AT&T's $3.6B Q1 Profit

hmm haven't heard that from many people besides that one lady in line for the iPad in Chicago.


I tell people deciding between Verizon and AT&T that AT&T is faster...where it works. And, in Chicago, that's not everywhere. I haven't felt the love.

gtchavan 12/5/2012 | 5:35:24 PM
re: Data Drives AT&T's $3.6B Q1 Profit

The man is full of it.  With a drop new customers it appears they are fooling fewer customers in believing their claims on having the largest 4G network. 

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