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Apr 25, 2018

AT&T profit rises 33% as postpaid subscribers jump

An AT&T sign is seen outside a branch in Rolling Meadows, Illinois, U.S., October 24, 2016.

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AT&T Inc's first-quarter profit rose about 33 per cent as the No. 2 U.S. wireless carrier signed up more subscribers who pay monthly bills.

AT&T said on Wednesday it added 158,000 postpaid subscribers on a net basis in the three months ended March 31.

Net income attributable to the company rose to US$4.76 billion or 75 cents per share in the first quarter, from US$3.47 billion or 56 cents per share, a year earlier.

Total operating revenue fell to US$38.04 billion from US$39.37 billion.