AT&T adds wireless tablet users

Investor's Business Daily

The telecom giant posted adjusted Q1 EPS of 64 cents, in line with analyst expectations. Revenue fell 1.5% to $31.4 bil, missing views. AT&T (T) gained a net 296,000 wireless subscribers, topping analyst forecasts. But most of the gains were for tablets, which carry lower monthly fees. It lost 69,000 phone subscribers. Landline revenue declined 1.8% to 14.7 bil as demand continued to weaken. Shares rose 0.7% to 39.

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