AT&T Second Quarter Report: Not too shabby
AT&T has released it's second quarter earning report and life over at the wireless company is looking pretty good. AT&T experienced positive revenue growth during the quarter with consolidated revenues totaling $30.8 billion, up $194 million from last year's second quarter. AT&T can also boast a 25.9% boost in EPS (earnings per share) of $.68 compared to $.54 last year.
Wireless service revenue increased 10.3% and Wireless data revenue experienced a 27.2% growth, up $936 million compared to year-earlier quarter. Apparently the new data plan structures haven't been that bad.
Total wireless subscribers rose to 90.1 million, a 1.6 million net increase, setting a best-ever second quarter mark. The other wireless highlight was, despite "antennagate", AT&T set a company record by activating 3.2 million iPhones.
Confidence is high over at AT&T heading into the second half of the year. As a launch partner for Microsoft's Windows Phone 7, AT&T should be at the forefront this Fall when WP7 hits the shelves. It will be interesting to see what impact the new Windows Phone will have on future earnings.
You can read the full press from AT&T here.