AT&T announces Q3 results, iPhone/data gains drive profits

Yesterday AT&T announced its third-quarter earnings, and while year-over-year revenue was down (along with the rest of the market) Ma’ Bell managed to beat analysts $0.50 earnings per share prediction by $0.04.  Not bad, AT&T. The earnings were largely due to AT&T’s wireless division — 2 million new lines of service and 4.3 million post-paid wireless activations (3.2 million of which were iPhones) — produced a 33.6% percent increase in wireless data revenues bringing this quarter’s total to $3.6 billion. Our fleet of iPhones can probably account for a couple million of that 3.6 number. We’re joking, relax. Hit the press release for all the dirty details.

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