AT&T reported a big quarterly loss, though it was narrower than the one posted a year earlier as the company saw a significant jump in wireless subscribers.

The company posted a net loss of $3.8 billion, or 68 cents per share, on revenue of $32.6 billion. That compares to a net loss of $6.7 billion, or $1.12 per share, on revenue of $32.5 billion in the same quarter a year ago.

AT&T said last week that it would have a variety of one-time items this quarter including a $10 billion pension-related charge as well as $175 million in costs due to Hurricane Sandy and other storms.

It also said it would be under profitability pressure after selling 10.2 million smartphones last quarter, given that such devices typically carry higher subsidies than traditional phones.

Categorised as: Chief Digital Officer | Digital Media | Feedster

Comments are disabled on this post