AT&T, Inc. (NYSE: T) reported Q1 EPS of $0.67, versus the analyst estimate of $0.69. Revenue for the quarter came in at $32.5 billion versus the consensus estimate of $32.36 billion.

Sees FY14 consolidated revenue growth of 4 percent or greater and adjusted earnings per share growth in the mid-single digit range including Leap operational pressure.

highlights:

• Wireless revenues up 7.0 percent versus the year-ago quarter
• Wireless operating income margin of 28.3 percent and EBITDA service margin of 45.4 percent
• Wireless operating income of $5.1 billion, up 8.1 percent; wireless EBITDA of $7.0 billion, up 7.3 percent
• Postpaid phone-only ARPU up 0.4 percent; postpaid phone-only ARPU with AT&T NextSMmonthly billings up 2.0 percent
• Postpaid net adds of 625,000, best first-quarter net adds in five years; total net adds of more than 1 million
• More than one-half million branded smartphone net adds, both postpaid and prepaid; nearly 60 million total branded smartphone subscribers
• 313,000 branded tablet net adds
• 1.1 million new postpaid smartphones added (both upgrades and new subscribers); smartphones account for 92 percent of postpaid phone sales
• Postpaid churn of 1.07 percent, down sequentially and up slightly year over year
• Mobile Share® accounts more than tripled year over year to reach 11.3 million; driving higher data usage with 46 percent of accounts on data plans of 10 gigabytes or higher
• Wireless data billings up more than 15 percent versus the year-earlier quarter
• More than 40 percent or 2.9 million of all smartphone gross adds and upgrades on AT&T Next; without 1.1 million accelerated upgrades, Next take rate about 35 percent

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