AT&T Q2 Revenue Up 2.2% as Profit Dips
The Dallas, TX-based GSM operator reported net income of $3.6 billion, or $0.60 per diluted share, compared to a profit of $4 billion, or $0.67 per diluted share, in the second quarter of 2010. The year-ago profit was helped by AT&T’s sale of its stock in Telmex Internacional.
Analysts had expected earnings of $0.59 a share and revenue of $31.31 billion, according to a survey by Thomson Reuters .
Shares of AT&T are up $0.29 (0.99%) to $32.50 in morning trading.
— Dan Jones, Site Editor, Light Reading Mobile