AT&T's operating profit rose 12% in third quarter
Article Abstract:
AT&T's 3rd qtr 1995 profits increased 12%, with revenue from sales of wireless and long-distance services overcoming losses from the company's computer division. Operations profits reached $1.43 billion in 1995, in comparison with the $1.28 billion total achieved in 3rd qtr 1994. A $1.17 billion charge for the restructuring of the Global Information Solutions computer unit reduced net income to $262 million; in 1994, the company's net income for the 3rd qtr was $1.05 billion after the acquisition of McCaw Cellular Communications. Long-distance telephone sales rose 8.5% in volume, driving a 6% overall increase in sales to $19.7 billion. Telecommunications services revenues reached $12.1 billion, a 7.2% increase, with a 46% profit margin, and the Wireless Services div reported a 28% increase in sales to $758 million. Expenses declined as a percentage of sales, but sill rose 4.9% for the 3rd qtr 1995, and operating margin increased slightly from 11.8% to 12%.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1995
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AT&T weak sales growth a worry as earnings gain
Article Abstract:
AT&T's slight 1.02% revenue improvement in the 2nd qtr 1998 has underscored questions about its ability to keep pace with the surging telecommunications industry. The telephone giant reported sales of $12.86 billion, up slightly from $12.73 billion during the comparable 1997 period. Another AT&T move involved repurchasing as much as $3 billion of its stock, which would avoid an earnings dilution from the pending purchase of Tele-Communications for $31.8 billion. Revenue surpassed AT&T's seven-tenths of a percent growth in the 1st qtr 1998 but fell short of its target growth of 2% to 4% for 1998. Consumer long-distance revenue sagged 3.7 from the 2nd qtr 1997, furthering its annual long-distance market decline since 1984. A reduction in general and administrative costs enabled AT&T to boost strong earnings gains. Operating earnings totaled $1.49 billion, or 91 cents a diluted share, excluding one-time charges and gains.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1998
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AT&T's quarter meets (lowered) expectations; surprisingly, the company's troubles are in core businesses
Article Abstract:
AT&T met Wall Street's earnings expectations for the company's 3rd qtr 1996, generating a profit of 84 cents a share, or $1.36 billion, from continuing operations. However, AT&T continued to have problems in several of its critical businesses, including credit card and long-distance services. AT&T's overall revenue from continuing operations for the quarter grew 2.4% to $13.2 billion, compared to $12.9 billion generated during the same period in 1995. The company reported a net income of $1.43 billion for the quarter, compared to $262 million for the same quarter in 1995. AT&T's revenue in long-distance services increased 2.2% to $11.6 billion. The company's calling volume grew 5.1% compared to the 3rd qtr 1995. AT&T's Worldnet Internet access service and its wireless communications business were the company's most successful businesses during the quarter.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1996
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