AT&T Tops Profit Estimates as Tablet Sales Boosted User Base
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AT&T Inc., the second-largest U.S. wireless carrier, posted profit that topped analysts’ estimates as the company added more tablet customers even as discounting by smaller rivals made subscriber growth challenging.
First-quarter earnings excluding some items were 63 cents a share, exceeding the 62-cent average of estimates compiled by Bloomberg. Revenue rose 0.3 percent to $32.6 billion, Dallas-based AT&T said in a statement. Analysts had projected $32.8 billion.