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News > Technology  
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AT&T Wireless tops 1Q target
Mobile phone company cuts operating loss to penny a share on 14% jump in revenue.
April 23, 2002: 9:02 AM EDT

NEW YORK (CNN/Money) - AT&T Wireless posted a narrower-than-expected first-quarter loss Tuesday that beat Wall Street expectations as the company logged higher sales.

For the quarter ended March 31, the mobile phone service provider reported an operating loss of $16 million, or a penny a share, narrower than the loss of $56 million, or 2 cents a share, a year earlier. Analysts polled by earnings tracker First Call expected a loss of 3 cents a share.

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First-quarter revenue jumped 14.6 percent to $3.4 billion from $3 billion.

Shares of AT&T Wireless (AWE: Research, Estimates) slipped 70 cents to $8.10 Monday.  Top of page

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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2012 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2012 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2012. All rights reserved. Most stock quote data provided by BATS.
© 2012 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy. Ad choices .