Earnings: AT&T Q2 Profits Grow 61 Percent; Revs Up 86.7 Percent

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Citing growth in wireless and internet subscribers, as well as sales of the iPhone, helped AT&T (NYSE: T) hit its ninth consecutive quarter of double-digit earnings growth, as Q2 profit rose 61.1 percent to $2.9 billion, or 47 cents a share, from $1.8 billion, or 46 cents a share. Revenues were up 29.5 billion, an 86.7 percent gain from $15.8 billion in Q206, prior to AT&T

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Moses Kagan

The 500k sales figure was never achievable, since it would have represented nearly 20% of the customers coming off mobile contracts in July 2007. See moseskagan.com for an analysis of the figures.

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