For the quarter ended Sept. 30, 2008, AT&T's consolidated revenues totaled $31.3 billion, up 4.0 percent versus reported results in the year-earlier quarter and up 3.3 percent compared with third-quarter 2007 pro forma revenues, which exclude merger-related accounting impacts on directory revenues.
Consolidated revenue growth was driven by 15.4 percent growth in wireless revenues and a 16.2 percent increase in wireline IP data revenues, which includes AT&T U-verse services and business offerings such as VPNs, managed Internet services and hosting. Gains in these areas more than offset pressures in the macro-environment and a decline in wireline consumer voice, which was consistent with trends in recent quarters.
Compared with results for the year-earlier quarter, AT&T's reported operating expenses for the third quarter of 2008 were $25.7 billion versus $24.8 billion; reported operating income was $5.6 billion, up from $5.3 billion; and AT&T's reported operating income margin was 17.9 percent, up from 17.6 percent.
AT&T's reported third-quarter 2008 net income totaled $3.2 billion, up from $3.1 billion in the year-earlier quarter, and reported earnings per diluted share totaled $0.55, up from $0.50 in the third quarter of 2007.
© 2008 AT&T Intellectual Property. All rights reserved. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies.
Friday, November 21, 2008
Gas Prices Fall A Bit More!
By Ben Rooney, CNNMoney.com staff writer
The price of oil fell further Friday, after settling at a 5 1/2 year low in the previous session, as volatile stock prices raised concerns about waning global energy demand.
Light, sweet crude for January delivery was down 45 cents to $48397 a barrel in electronic trading. The December contract, which expired Thursday, fell $4 to settle at $49.62 a barrel, the lowest settle price since May 23, 2005.
Thursday's descent below $50 a barrel came one day before retail gasoline prices fell below $2 a gallon for the first time in more than 3 years.
At $50 a barrel, the price of oil is down nearly 66% from the summer's peak price above $147 a barrel, and many analysts think it could fall further.
"The same way no one had a clue how high prices could go last July, there is no telling how low we can go now," said Stephen Schork, an oil trader and publisher of the industry newsletter The Schork Report. "Do not trust anyone in this market who tries to convince you that oil cannot go below $40," he added.
Asian markets rallied Friday while major indexes in Europe turned negative in afternoon trade, giving back the morning's gains.
The price of oil fell further Friday, after settling at a 5 1/2 year low in the previous session, as volatile stock prices raised concerns about waning global energy demand.
Light, sweet crude for January delivery was down 45 cents to $48397 a barrel in electronic trading. The December contract, which expired Thursday, fell $4 to settle at $49.62 a barrel, the lowest settle price since May 23, 2005.
Thursday's descent below $50 a barrel came one day before retail gasoline prices fell below $2 a gallon for the first time in more than 3 years.
At $50 a barrel, the price of oil is down nearly 66% from the summer's peak price above $147 a barrel, and many analysts think it could fall further.
"The same way no one had a clue how high prices could go last July, there is no telling how low we can go now," said Stephen Schork, an oil trader and publisher of the industry newsletter The Schork Report. "Do not trust anyone in this market who tries to convince you that oil cannot go below $40," he added.
Asian markets rallied Friday while major indexes in Europe turned negative in afternoon trade, giving back the morning's gains.
Friday, October 10, 2008
Triple Net Investment Guide
Incomeproperty1031.com
Your up leg exchange specialists!
NNN Investment Guide
RatingExamples:
| VERIZON | A/ NEGATIVE |
| SHERWIN WILLIAMS | A-/ NEGATIVE/A-2 |
| CIRCUIT CITY | A/ STABLE |
| MCDONALDS | A/ STABLE/A-1 |
| ATT | A/ STABLE/A-1 |
| COSTCO | A/ STABLE/A-1 |
| SNAP ON | A-/ STABLE/A-2 |
| TARGET | A+/ STABLE/A-1 |
| LOWES | A+/ STABLE/A-1 |
| WALGREENS | A+/ WATCH NEG/A-1 |
| B OF A | AA-/ WATCH NEG/ A-1+ |
| WELLS FARGO | AA+/ STABLE/ A-1 |
| RITE AID | B/ NEGATIVE/ NR |
| DENNY'S | B+/ NEGATIVE |
| SEARS | BB/ NEGATIVE |
| WHOLE FOODS | BB-/ NEGATIVE |
| ADVANCED AUTO | BB/ STABLE |
| JACK IN THE BOX | BB-/ STABLE |
| RADIO SHACK | BB/ STABLE/ NR |
| DIRECT TV | BB/ STABLE/ NR |
| BURGER KING | BB-/ WATCH NEG |
| WENDY'S | BB-/ WATCH NEG/ B-2 |
| BEST BUY | BBB/ NEGATIVE |
| WAMU | BBB-/ NEGATIVE/ A3 |
| BIG LOTS | BBB-/ STABLE |
| STAPLES | BBB/ STABLE |
| FED EX | BBB/ STABLE/ A-2 |
| STARBUCKS | BBB/ STABLE/ A-2 |
| CVS | BBB+/ STABLE/A2 |
| KOHLS | BBB+/ STABLE/A2 |
| HOME DEPOT | BBB+/ STABLE/A2 |
| TIME WARNER | BBB+/ WATCH NEG |
Understanding Business (Triple Net) Ratings
Type of Use. Even if the credit rating is substantial, the type of business may affect investment value. From an investment standpoint, a general-purpose use, where tenant improvements easily are convertible to another tenant’s needs, is more desirable than a special-use project. In many special-use cases, the seller passes along the costs of highly specialized improvements to the buyer, who may be unable to recover that portion of the investment over the lease term. Fast-food outlets are a prime example of this problem, but certainly not the only one.
AAA - An obligation rated 'AAA' has the highest rating assigned by Standard & Poor's. The obligor's capacity to meet its financial commitment on the obligation is extremely strong.
AA - An obligation rated 'AA' differs from the highest-rated obligations only to a small degree. The obligor's capacity to meet its financial commitment on the obligation is very strong.
A - An obligation rated 'A' is somewhat more susceptible to the adverse effects of changes in circumstances and economic conditions than obligations in higher-rated categories. However, the obligor's capacity to meet its financial commitment on the obligation is still strong.
BBB - An obligation rated 'BBB' exhibits adequate protection parameters. However, adverse economic conditions or changing circumstances are more likely to lead to a weakened capacity of the obligor to meet its financial commitment on the obligation.
BB, B, CCC, CC, and C - Obligations rated 'BB', 'B', 'CCC', 'CC', and 'C' are regarded as having significant speculative characteristics. 'BB' indicates the least degree of speculation and 'C' the highest. While such obligations will likely have some quality and protective characteristics, these may be outweighed by large uncertainties or major exposures to adverse conditions.*Standard and Poors
AAA - An obligation rated 'AAA' has the highest rating assigned by Standard & Poor's. The obligor's capacity to meet its financial commitment on the obligation is extremely strong.
AA - An obligation rated 'AA' differs from the highest-rated obligations only to a small degree. The obligor's capacity to meet its financial commitment on the obligation is very strong.
A - An obligation rated 'A' is somewhat more susceptible to the adverse effects of changes in circumstances and economic conditions than obligations in higher-rated categories. However, the obligor's capacity to meet its financial commitment on the obligation is still strong.
BBB - An obligation rated 'BBB' exhibits adequate protection parameters. However, adverse economic conditions or changing circumstances are more likely to lead to a weakened capacity of the obligor to meet its financial commitment on the obligation.
BB, B, CCC, CC, and C - Obligations rated 'BB', 'B', 'CCC', 'CC', and 'C' are regarded as having significant speculative characteristics. 'BB' indicates the least degree of speculation and 'C' the highest. While such obligations will likely have some quality and protective characteristics, these may be outweighed by large uncertainties or major exposures to adverse conditions.*Standard and Poors
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