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AT&T 1Q12 Earnings Highlighted by Record Smartphone Sales

Good Quarter for AT&T 5.5 million smartphones sold!


Via AT&T


Solid Growth in Earnings, Revenues and Margins, and $4.7 Billion Returned to Shareholders Highlight AT&T’s First-Quarter Results

Wireless Margins Expand and Smartphone Sales Set First-Quarter Record; 30 Percent of Smartphone Customers are on 4G-Capable Devices

Dallas, Texas, April 24, 2012


$0.60 diluted EPS compared to $0.57 diluted EPS in the first quarter of 2011

Consolidated revenues of $31.8 billion, up $575 million, or 1.8 percent, versus the year-earlier period

Wireless operating income margin up to 27.2 percent; wireless EBITDA service margin up significantly to 41.6 percent even with strong smartphone sales

More than $2 billion in stock buybacks; 67.7 million shares repurchased

AT&T’s growth engines — wireless, wireline data and managed services — represented 78 percent of total revenues and grew 6.2 percent versus the same quarter a year ago, led by:

19.9 percent growth in wireless data revenues, up more than $1 billion versus the year-earlier quarter

19.0 percent growth in strategic business services revenues

38.2 percent growth in consumer U-verse revenues

Smartphone sales of 5.5 million, exceeding the previous first-quarter record, with about 30 percent of all postpaid smartphone subscribers on 4G-capable devices

726,000 total wireless net adds, with gains in every customer category

Postpaid wireless churn of 1.1 percent, lowest level in seven quarters

Record first-quarter branded computing (tablets, tethering plans, etc.) net adds of 460,000 to reach a total of 5.8 million, up almost 70 percent versus a year ago

Postpaid wireless subscriber ARPU (average monthly revenues per subscriber), up 1.7 percent to $64.46

Wireline business year-over-year revenue comparisons continue to improve

Wireline consumer revenues up 1.0 percent versus the year-earlier period; seventh consecutive quarter of year-over-year growth

AT&T U-verse® subscribers (TV and high speed Internet) top 6 million; U-verse TV subscribers reach 4 million in service

Note: AT&T’s first-quarter earnings conference call will be broadcast live via the Internet at 10 a.m. ET on Tuesday, April 24, 2012, at www.att.com/investor.relations.

via AT&T 1Q12 Earnings Highlighted by Record Smartphone Sales | AT&T.

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