AT&T, Inc. (T) Reports In-Line Q3 EPS; Wireless Revs Up 5.1%

October 23, 2013 4:02 PM EDT
AT&T, Inc. (NYSE: T) reported Q3 EPS of $0.66, in-line with the analyst estimate of $0.66. Revenue for the quarter came in at $32.16 billion versus the consensus estimate of $32.16 billion.

Wireless highlights:

* Wireless revenues up 5.1 percent, service revenues up 3.7 percent versus the year-ago quarter
* Wireless data revenues up 17.6 percent versus the year-earlier period
* Wireless operating income margin of 26.4 percent; wireless EBITDA service margin of 42.0 percent with record third-quarter smartphone sales of 6.7 million
* Nearly 1 million net subscribers added, with 363,000 wireless postpaid net adds (doubling year-ago results) including 178,000 smartphones
* 1.2 million new smartphone subscribers added; smartphones a record 89 percent of postpaid phone sales
* Total postpaid ARPU up 1.5 percent; phone-only ARPU up 3.1 percent
* Total and postpaid churn stable

U-Verse update:

* Wireline consumer revenue growth of 2.4 percent versus the year-earlier period
* First billion-dollar U-verse revenue month; total U-verse revenues, including business, up 28.1 percent year over year; U-verse is AT&T’s fastest-growing part of the business
* 10 million total U-verse subscribers (TV and high speed Internet) in service:
* 655,000 high speed Internet subscriber net adds
* 265,000 U-verse TV subscribers added, second-highest net add quarter ever and best quarter in almost five years
* Record U-verse broadband gains of 97,000 in the business customer segment, more than doubling year-ago net adds
* Strong strategic business services growth continues with revenues up 15.7 percent year over year

For earnings history and earnings-related data on AT&T, Inc. (T) click here.

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