Strength in its wireless operations helped propel AT&T to healthy earnings growth for the first quarter.
For the period that ended March 31, the telecommunications giant reported net income of $3.5 billion, or 57 cents per share, on revenue of $30.7 billion. Net income was up 22 percent from the year-ago quarter, while revenue rose 6 percent.
Income for AT&T's wireless segment nearly doubled, leaping 95 percent from a year earlier to $2.9 billion. Revenue for the wireless business was $11.8 billion, up 18 percent. The company also reported gains in … Read more