AT&T calls up strong results
(Reuters) – AT&T, long the No. 2 U.S. wireless carrier and since July the world’s biggest pay-TV operator, reported a better-than-expected quarterly profit, helped by its DirecTV acquisition and as it added more prepaid mobile subscribers.
Net income attributable to the company fell to $3.0 billion, or 50 cents per share, in the third quarter ended Sept. 30, from $3.13 billion, or 60 cents per share, a year earlier.
Excluding items, the company reported earnings of 74 cents per share. Analysts on average had expected earnings of 69 cents per share, according to Thomson Reuters I/B/E/S.
AT&T shares (T) were up 2.74% in after-hours trading.
The company said it had 289,000 postpaid and 466,000 prepaid net additions in the quarter ended Sept. 30.
The saturated wireless market has triggered a battle for subscribers among U.S. wireless carriers.
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