AT&T Announces Second Quarter 2003 Earnings

AT&T Announces Second Quarter 2003 Earnings

Post by Monty Solomo » Sat, 26 Jul 2003 08:41:08



     AT&T Announces Second Quarter 2003 Earnings; Board of Directors
     States its Intention to Increase the Dividend by 27% And
     Authorizes the Repurchase of up to $2 Billion in Debt
     - Jul 24, 2003 06:50 AM (PR Newswire)

* Second quarter earnings per diluted share from continuing operations
       of $0.68
     * Consolidated revenue of $8.8 billion
     * Operating income of $1.0 billion

BEDMINSTER, N.J., July 24 /PRNewswire-FirstCall/ -- AT&T (NYSE:T)
today reported income from continuing operations of $536 million, or
earnings per diluted share of $0.68, for the second quarter of 2003.
The company's current quarter income from continuing operations
compares to income of $603 million, or earnings per diluted share of
$0.80, in the second quarter of 2002.  AT&T's overall net income of
$536 million, compares to a loss of $12.8 billion for the second
quarter of 2002, which included a significant loss from discontinued
operations.

     - http://finance.lycos.com/home/news/story.asp?story=34976011

 
 
 

1. AT&T Announces First Quarter 2003 Earnings

BEDMINSTER, N.J.--(BUSINESS WIRE)--April 23, 2003--AT&T (NYSE:T):

    --  Earnings per diluted share from continuing operations of
        $0.67, compared to $0.60 per diluted share in the prior year
        first quarter

    --  Consolidated revenue of $9.0 billion for the quarter

    --  Operating income of $1.2 billion for the quarter

AT&T (NYSE:T) today reported income from continuing operations of $529
million, or earnings per diluted share of $0.67, for the first quarter
of 2003. The company's current quarter income from continuing
operations compares favorably to income of $446 million, or earnings
per diluted share of $0.60, in the first quarter of 2002.

First quarter 2003 net income of $571 million, or earnings per diluted
share of $0.73, included income of $42 million, or $0.06, related to
the cumulative effect of the adoption of a new accounting
standard. First quarter 2002 net loss of $975 million, or $1.32 per
diluted share, included losses of $0.76 and $1.16 from discontinued
operations and the cumulative effect of the adoption of a new
accounting standard, respectively.

     - http://finance.lycos.com/home/news/story.asp?story=33925499

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