CX Matiash, File, Associated Press
NEW YORK — AT&T's third-quarter profit and revenue increased as the nation's largest telecommunications company added more smartphone and broadband subscribers.
AT&T Inc. said Wednesday that it earned $3.81 billion, or 72 cents per share, in the July-September quarter. That's up 5 percent from $3.64 billion, or 63 cents per share, in the same period a year ago.
Adjusted earnings were 66 cents per share in the latest quarter.
AT&T says its revenue grew 2 percent to $32.16 billion from $31.46 billion.
Analysts, on average, had expected earnings of 65 cents per share on revenue of $32.18 billion according to FactSet.
Wireless revenue grew 5 percent to $17.5 billion. AT&T said it added nearly 1 million net wireless subscribers in the third quarter. It added 566,000 wireless devices to its contract-based plans, which are the most lucrative. Of these 178,000 were smartphones and the rest tablets, which carry lower monthly fees than phones.
Shares of the Dallas-based company slid 3 cents to $35.25 in after-hours trading. The stock had closed up 5 cents at $35.28.
- Utahns urged to shift spending during Small...
- Feds: Utah companies accused of conducting...
- How to avoid scams on Cyber Monday and Giving...
- Black Friday mayhem: A tale of humor and...
- Small Business Saturday carves out place...
- Salt Lake chef wins round in 'Holiday Baking...
- The new Thanksgiving tradition: A quick meal,...
- 5 ways you drive away millennial employees
- Feds: Utah companies accused of... 26
- The new Thanksgiving tradition: A quick... 10
- Utah liquor commission going slow on... 4
- Utahns urged to shift spending during... 3
- 5 Utah E. coli cases linked to Costco... 2
- In time for the holidays, S.L. Comic... 2
- How to avoid scams on Cyber Monday and... 2
- Yahoo's CEO is running out of time to... 1