J. R. Ransom's taosmultimedia.com - AT&T Rides BellSouth Buy, iPhone to $3.1B Profit

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AT&T Rides BellSouth Buy, iPhone to $3.1B Profit

AT&T grew its business strongly in the past three months, delivering its tenth quarter in a row of double-digit earnings-per-share growth. The San Antonio-based telecommunications giant, the nation's biggest, reported quarterly revenues of $30.1 billion, almost double from a year ago, and net income of $3.1 billion. Many of the big increases were attributed to AT&T's completion of its acquisition of BellSouth, but AT&T also pointed to strong growth of its wireless business, which gained about 2 million new subscribers in the quarter.
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