AT&T beats profit estimates in Q1, sells 4.3 million iPhones
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AT&T just posted another stellar quarter, thanks to the increased data usage coming from both smartphones and wireline data consumption increase. The carrier made about a billion more from data compared to the January-March period of last year.
In total AT&T locked in $31.8 billion of revenue, of which it netted $3.6 billion in profit, or about $0.6 a share, beating Wall Street's consensus of $0.57 a share.
As per the boss Randall Stephenson, AT&T's chairman and chief executive officer: »read more
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Filed in: AT&T
Additional sources: AT&T's Q1 2012 financials: wireless revenue up 5.4 percent with 726,000 net new subscribers read at TheVerge Report