AT&T on Tuesday posted first quarter earnings of $0.64 per share on revenues of $31.40 billion, thus matching Wall Street expectations of $0.64 EPS on revenues of $31.75 billion. The carrier posted a net addition of 291,000 subscribers on the quarter, bringing its total subscriber number to 107.3 million. What’s more, the company also reported that its churn rate is down year-over-year-, going from 1.46% in the first quarter of 2012 to 1.38% in Q1 2013. AT&T also reported selling 4.8 million iPhones on the quarter, thus helping the carrier maintain its spot as the top iPhone carrier in the United States. AT&T shares were down by around 1.25% in after hours trading on news of its Q1 earnings.
AT&T posts in-line Q1 earnings results as growth slows
Updated Apr 23rd, 2013 4:46PM EDT
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Brad Reed has written about technology for over eight years at BGR.com and Network World. Prior to that, he wrote freelance stories for political publications such as AlterNet and the American Prospect. He has a Master's Degree in Business and Economics Journalism from Boston University.
