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.
Subscribe to:
Posts (Atom)
