Local

Citing Wireless Trends, AT&T Raises Outlook

View Comments
The AT&T logo is seen. (credit: Etienne Franchi/AFP/Getty Images)

The AT&T logo is seen. (credit: Etienne Franchi/AFP/Getty Images)

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

From Our CBS Music Web Sites

167944374 10 Citing Wireless Trends, AT&T Raises OutlookCelebrity Mug Shots

181572784 8 Citing Wireless Trends, AT&T Raises OutlookFunny Faced Cheerleaders

 alt=Musicians Then And Now

456131094 10 Citing Wireless Trends, AT&T Raises OutlookPHOTOS: George Clooney’s Wedding Weekend

 alt=Michael Phelps Arrested For DUI...Again

cowb thumb Citing Wireless Trends, AT&T Raises OutlookCowboys Cheerleaders

NEW YORK (AP) - AT&T is boosting its full-year revenue forecast citing strong wireless trends.

The company said Tuesday that it expects a second-quarter net addition of more than 800,000 in “post-paid” plans. Those are high-value customers who have contracts or long-term installment plans. It’s also 175,000 more than the number of smartphones and tablets in “post-paid” plans added during the previous quarter.

The Dallas communications company now anticipates a revenue increase in “the 5 percent range,” a percentage point greater than it forecast in April and much better than its initial guidance of 2 percent to 3 percent growth.

In April AT&T reiterated its outlook for full-year adjusted earnings per share growth at the low-end of the mid-single digit range.

Shares of AT&T Inc. fell slightly in premarket trading.

(© Copyright 2014 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Latest News:

Top Trending:

View Comments