AT&T CFO John Stephens Talks Q2 And Long-Term Growth (T)
AT&T (NYSE: T) CFO John Stephens discussed the company's Q2 EPS $0.67, excluding certain items, that came in under the $0.68 analysts' estimates.
The sale of AT&T's América Móvil (NYSE: AMX) shares would add another $0.04, but isn't included in the Q2 EPS. The Q2 revenue came in over analysts' estimates of $31.8 billion at $32.08 billion.
"We're growing revenues over $800 million quarter over quarter…We did it by adding two million broadband costumers," said Stephens.
Stephens cited the company's strong network is an advantage, and said that their customers are using data intensely. According to Stephens, AT&T's costumer data usage has increase 50 percent year-over-year this quarter.
They're also trying to spark green in other areas, noting their new trade-in plan that will allow costumers to apply the value of old phones towards new ones. Stephens said that AT&T simply resells the old phones.
"What it allows them to do, is for a monthly fee, get a new phone every twelve months, and in return, we waive all upgrade fees and all activation fees," said Stephens.
The service goes live on Friday, July 26.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.