Tuesday, April 24, 2007

AT&T posts higher quarterly profit, revenue up

(Reuters) - NEW YORK, April 24 - Telecommunications service provider AT&T Inc on Tuesday posted a higher quarterly profit as revenue rose from growth in its wireless business and its purchase late last year of BellSouth Corp.

First-quarter profit rose to $2.8 billion, or 45 cents a share, from $1.4 billion, or 37 cents a share, in the year-ago quarter, before it bought BellSouth. Total operating revenue rose to $28.97 billion from $15.76 billion, also excluding BellSouth in the year-ago quarter.


Read more at Reuters.com Market News

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