AT&T Delivers Double-Digit Earnings Growth in Second Quarter, Raises =46ull-Year Outlook
Consolidated Revenues Increase, Margins Expand and Cash Flow Remains Strong
Dallas, Texas, July 22, 2010
$0.68 diluted EPS compares with $0.54 diluted EPS in the second quarter of 2009, up 25.9 percent; up 13.0 percent excluding a $0.07 one-time gain from a Telmex Internacional stock transaction
$30.8 billion second-quarter consolidated revenues from continuing operations, up $194 million, or 0.6 percent, versus the year-earlier period and up $278 million, or 0.9 percent, sequentially
Consolidated operating margin expansion to 19.8 percent, up from 18.0 percent in the year-earlier quarter
1.6 million organic net adds in total wireless subscribers, best-ever second quarter, to reach 90.1 million in service
3.2 million iPhone activations in second quarter, a company record
Best-ever wireless churn levels, with 1.01 percent postpaid churn and
1.29 percent total churn
10.3 percent increase in wireless service revenues, with postpaid subscriber ARPU (average monthly revenues per subscriber) up 3.4 percent; sixth consecutive quarter with a year-over-year increase in postpaid ARPU
27.2 percent growth in wireless data revenues, up $936 million versus the year-earlier quarter
2.9 million net increase in 3G postpaid integrated devices on AT&T's wireless network to reach 29.7 million
32.0 percent growth in wireline consumer IP data revenues driven by AT&T U-verse=AE expansion; first-ever billion-dollar revenue quarter for AT&T U-verse services
209,000 net gain in AT&T U-verse TV subscribers to reach 2.5 million in service, with continued high broadband and voice attach rates
15.8 percent growth in revenues from strategic business services such as Ethernet, Virtual Private Networks (VPNs), hosting and application services
Note: AT&T's second-quarter earnings conference call will be broadcast live via the Internet at 10 a.m. ET on Thursday, July 22,
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