AT&T (NYSE:T) Earnings Q3 2010

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  • AT&T (NYSE:T) today reported its results for 3Q10. Highlights of the announcement include:
  • $2.08 diluted EPS compared to $0.54 diluted EPS in the third quarter of 2009; EPS of $0.55, excluding $1.53 in one-time gains from a previously disclosed tax settlement and the sale of Sterling Commerce 
  • Consolidated revenues from continuing operations of $31.6 billion in the third quarter, up $847 million, or 2.8 percent, versus the year-earlier period
  • 11.4 percent growth in wireless revenues, with a 10.5 percent increase in wireless service revenues 
  • Record wireless volumes, with more than 8 million postpaid integrated device sales
  • 2.6 million increase in total wireless subscribers - the highest third-quarter net gain in the company's history - to reach 92.8 million subscribers in service
  • Postpaid subscriber ARPU (average monthly revenues per subscriber) up 2.0 percent to $62.84, the seventh consecutive quarter with a year-over-year increase
  • 1.32 percent total wireless churn, best-ever third-quarter
  • 30.5 percent growth in wireless data revenues, up $1.1 billion versus the year-earlier quarter
  • First year-over-year growth in wireline consumer revenues in more than two years
  • 30.0 percent growth in consumer IP data revenues, driven by AT&T U-verse® expansion
  • 236,000 net gain in AT&T U-verse TV subscribers to reach 2.7 million in service, with continued high broadband and voice attach rates
  • 148,000 net gain in wireline broadband connections
  • 15.4 percent growth in revenues from strategic business services such as Ethernet, Virtual Private Networks (VPNs), hosting and application services