AT&T Lifts Sales Outlook, Sees Financing Cutting Profit
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AT&T Inc. boosted its 2014 revenue forecast, while predicting adjusted earnings per share will come in at the lower end of an earlier range, as more wireless customers opt to buy new phones on installment plans.
For the second quarter, AT&T said it expects to add more than 800,000 monthly customers. About half of customers buying new phones opted for Next, AT&T’s financing plan, the company said in a statement. Next customers accounted for about 40 percent of phone sales in the first quarter.