Earnings: AT&T Meets Expectations; Up To 549,000 U-Verse Subs

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AT&T (NYSE: T) met expectations for Q2, reporting revenue of $30.9 billion and net income of $3.8 billion. A major driver, wireless data revenue, which grew 52 percent to $2.5 billion. The company also said that its U-Verse TV service had a net gain of 170,000 subs, bringing the total to 549,000. The company still is calling for more than 1 million subs by the end of the year. In total, wireline IP services revenue grew 16.1 percent. One note on the iPhone 3G: the pace of early sales is double what it was for the first version. We’ll be listening for more info on U-Verse and broadband during the 10:00 AM (ET) webcast. See full coverage at our sister site mocoNews.net

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Bryon Bella

There is so much competition between pay TV companies right now and it’s only going to intensify considering that more customers have more than one TV provider to choose from. My employer DISH Network is now offering more savings to new customers than they used to and combine that with free HD for life for qualifying customers with a top package and no price increases until 3013 and it makes sense AT&T may be facing a cap on their growth.

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