Tuesday, July 24, 2007

AT&T profit rises on wireless; iPhone disappoints

(Reuters) - NEW YORK, July 24 - Top U.S. telecommunications service provider AT&T Inc. said on Tuesday quarterly profit and revenue rose, helped by growth in wireless and Internet subscribers. Second-quarter net profit rose to $2.9 billion, or 47 cents a share, from $1.8 billion, or 46 cents a share.



On an adjusted basis, which excludes costs and accounting effects related to acquisitions, profit rose to 70 cents per share from 58 cents.


Read more at Reuters.com Market News

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