AT&T Profit Beats Estimates on Demand for IPhone
(Businessweek) — AT&T Inc., the largest U.S. phone company, reported second-quarter profit that beat analysts’ estimates as customers snapped up wireless devices like Apple Inc.’s iPhone. Earnings, excluding a one-time gain, rose to 61 cents a share, AT&T said in a statement today. Analysts projected 57 cents on average, according to estimates compiled by Bloomberg. Sales advanced less than 1 percent to $30.8 billion.
