Operating expenses were $29.3bn in Q4
AT&T has reported revenues of $31.4bn in the fourth quarter of 2010, an increase of 10% compared with $30.7bn in the same period last year.
The company has posted a decline of 54.3% in operating income to $2.1bn, compared with $4.6bn in the same period a year-ago while operating expenses for the quarter increased to $29.3bn, compared with $26.1bn in the same period last year.
For the quarter ended December 31, 2010, the company’s net income declined by 58.6% to $1.2bn, compared with $2.8bn in the same period last year and earnings per diluted share totaled $0.18, compared to $0.46.
The company’s wireless net adds increased by 2.8 million in total wireless subscribers to reach 95.5 million subscribers in service; full-year wireless net additions totaled to 8.9 million.
The new wireless growth areas included connected devices by 1.5 million; iPad- and Android-based tablets were up 442,000.
For the full year 2010, AT&T’s consolidated revenues totaled $124.3bn, compared to $123bn in 2009; operating expenses were $104.7bn, compared with $102bn; and net income was $20.2bn compared to $12.5bn in the same period last year.
AT&T chairman and CEO Randall Stephenson said their major growth platforms: mobile broadband, U-verse and strategic business services continue to set the pace for the industry, and they’re still early in the growth cycle for all of those areas.
"Progress across these growth platforms, combined with continued progress on our cost-improvement initiatives, drives our positive outlook," Stephenson said.