AT&T Wireless Posts Quarterly Loss Despite Revenue Growth
Carrier posts greater-than-expected loss even though revenue was up 15%, due to expanded subscriber base.
REDMOND, Wash. (AP) -- AT&T Wireless Services Inc., one of the largest cell phone providers, Tuesday reported a fourth-quarter net loss 3 cents per share larger than analysts expected.
However, revenue surged more than 15% to $3.74 billion, as the Redmond, Wash.-based company expanded its subscriber base.
The net loss came to $131 million, or 5 cents a share, compared with a loss of $1.28 billion, or 48 cents a share, a year ago.
The mean estimate of analysts surveyed by Thomson First Call was for a fourth-quarter loss of 2 cents a share.
Though AT&T Wireless added 705,000 subscribers in the quarter, it was a decrease of 23.9% compared with the same period last year.
Mobility operations earnings before interest, taxes, depreciation and amortization rose 38% to $919 million in the latest quarter, thanks to revenue growth.
AT&T Wireless said it expects to report services revenue growth in the range of 5% to 7% for full-year 2003. The growth percentage for earnings before interest, taxes, depreciation and amortization is expected to be in the low double-digits.
Total 2003 capital expenditures will likely come in around $3 billion.
5 Top Federal Initiatives For 2015As InformationWeek Government readers were busy firming up their fiscal year 2015 budgets, we asked them to rate more than 30 IT initiatives in terms of importance and current leadership focus. No surprise, among more than 30 options, security is No. 1. After that, things get less predictable.