Apr 25, 2018
AT&T profit rises 33% as postpaid subscribers jump
TSN.ca Staff
AT&T Inc's first-quarter profit rose about 33 per cent as the No. 2 U.S. wireless carrier signed up more subscribers who pay monthly bills.
AT&T said on Wednesday it added 158,000 postpaid subscribers on a net basis in the three months ended March 31.
Net income attributable to the company rose to US$4.76 billion or 75 cents per share in the first quarter, from US$3.47 billion or 56 cents per share, a year earlier.
Total operating revenue fell to US$38.04 billion from US$39.37 billion.
