IoT
News
News
1/28/2003
06:27 AM
50%
50%

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.

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Register for InformationWeek Newsletters
White Papers
Current Issue
Top IT Trends to Watch in Financial Services
IT pros at banks, investment houses, insurance companies, and other financial services organizations are focused on a range of issues, from peer-to-peer lending to cybersecurity to performance, agility, and compliance. It all matters.
Video
Slideshows
Twitter Feed
InformationWeek Radio
Archived InformationWeek Radio
Join us for a roundup of the top stories on InformationWeek.com for the week of July 17, 2016. We'll be talking with the InformationWeek.com editors and correspondents who brought you the top stories of the week to get the "story behind the story."
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.