Even with the slowing growth slowed, key metrics matched Wall Street expectations. That wasn’t enough to prevent shares from going down by nearly 1.25 percent in after hours trading. We’ll be listening to AT&T’s conference call later this afternoon for additional data points…
According to amedia release, AT&T’s consolidated revenues dropped 1.5 percent from the year-ago period down to $31.4 billion. Net profit was $3.7 billion, or 67 cents per share. This compares to the year-ago profit of $3.6 billion, or 60 cents per share.
Wirelessrevenues came in at $16.7 billion, a modest 3.4 percent annual jump.
The 291,000 net new customers AT&T added in the quarter are mostly tablet and connected business users. Of the 48.3 million on-contract customers, 72 percent had smartphones, AT&T said.
Also worth mentioning, the six million new smartphone additions represent about 81 percent of AT&T’s contract device sales.
The carrier has managed to move fourteen percent of its customers to the Mobile Share plans, or approximately 10 million connections. Fifteen percent of them abandoned their grandfathered unlimited data for one of the shared buckets.
And, over 2.5 million of them picked up a 10GB or higher tier.
