graphic
graphic  
graphic
News > Technology  
graphic
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.

graphic
graphic graphic
graphic
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






  graphic

© 2009 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy
Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.