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AT&T quarterly revenues flat at USD 32.6 billion
2013-01-25 08:18:00| Telecompaper Headlines
(Telecompaper) AT&T reported a loss of USD 0.68 per share for the fourth quarter, hurt by one-time charges for pensions. Excluding one-time items and the sale of its advertising unit, EPS rose 10 percent to USD 0.44. Revenues edged up 0.2 percent to USD 32.6 billion, and AT&T said they were up 2.8 percent excluding the divestment and the impact from Superstorm Sandy. Adjusted operating profit was little changed year-on-year at USD 4.2 billion, and the margin was at 12.9 percent. Over the full year, AT&T grew operating cash flow to USD 39.2 billion, up from USD 34.7 billion in 2011. Capital expenditures fell slightly, to USD 19.7 billion from USD 20.3 billion, but included a 10.6 percent increase in mobile-related spending. For 2013, AT&T forecast revenues up over 2 percent, led by mobile and the fixed consumer activities; EPS growth in the upper-single digits or higher; stable margins, with higher profitability in mobile offsetting its Project VIP investments; capital spending of around USD 21 billion with LTE coverage expanded to over 250 million people; and free cash flow of over USD 14 billion.
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Category:Telecommunications