AT&T's Q2 earnings report misses expectations despite rise in revenue

AT&T announced that its earnings declined 7.2 percent, while its revenue was up 1.6 percent from a year ago. The announcement came as part of the company's second quarter earnings report, which it released yesterday, a day after Verizon posted strong profits in the second quarter.

The telecommunications giant posted a profit of $3.55 billion, or 68 cents a share, compared to $3.82 billion, or 71 cents a share, in the year-ago period. On an adjusted basis, the company earned 62 cents a share, missing analysts’ expectations by a penny. The revenue figure, which stood at $32.6 billion, also missed Wall Street’s consensus estimate of $33.22 billion.

The company said it added more than 1 million postpaid subscribers -- those who sign a long-term contract or pay toward the end of the month. This is the largest for the company in the last five years, bringing the total to nearly 117 million.

Out of these newly added postpaid subscribers, around 707,000 were smartphone customers, while 366,000 were tablet customers. Total wireless net additions were 634,000 amid the loss of 405,000 prepaid customers.

Speaking about the broadband and television side of the business, the company said it added 488,000 net new U-verse Internet customers and 190,000 net new U-Verse TV customers in the last quarter.

The company also announced that its proposed acquisition of DirecTV is steadily progressing. AT&T's CFO John Stephens said in a conference call that the deal had received approval from regulators in Brazil and several U.S. states.

Next Sony to settle PlayStation Network class action suit for $15 million in goods and servicesPrev Samsung to host annual developers conference at Moscone West this November

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Facebook exceeds expectations again with Q2 2014 results

Facebook has reported its second quarter numbers exceeding analyst expectations for the eighth time in a row and resulting in positive reactions in the marketplace. The company shows growth in revenue, income and user numbers. Compared to Q2 of last year, its revenue jumped 61% to $2.91 billion and its net income grew 139% to $791 million.

Facebook is also seeing user growth across the board with 1.32 billion active users and 829 million daily active users, up 14% and 19% year-over-year respectively. When talking specifically about mobile, Facebook's Q2 2014 numbers are even more impressive. The company hit 1.07 billion monthly active mobile users, up nearly 6% from last quarter, and its daily mobile users jumped 7.4% from 609 million to 654 million.

Facebook has also now set records around the world for its global rise in average revenue per user (ARPU), according to reports. The company seems to be pulling in more cash on a user by user basis, even as it continues to grow. 

As some have suggested, the growth numbers are fairly impressive for a company that already has so many users, but the expansion also rises costs. Facebook spent $1.52 billion in the second quarter of 2014, up about 22% from the year prior.

However, despite the heavy expenses, Facebook clearly had a strong quarter. "Our community has continued to grow, and we see a lot of opportunity ahead as we connect the rest of the world," Mark Zuckerberg said during a statement accompanying the Q2 results. 

Next Samsung to host annual developers conference at Moscone West this NovemberPrev Google offers three months of free streaming music to celebrate Chromecast anniversary

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AT&T's Q2 earnings report misses expectations despite rise in revenue

AT&T announced that its earnings declined 7.2 percent, while its revenue was up 1.6 percent from a year ago. The announcement came as part of the company's second quarter earnings report, which it released yesterday, a day after Verizon posted strong profits in the second quarter.

The telecommunications giant posted a profit of $3.55 billion, or 68 cents a share, compared to $3.82 billion, or 71 cents a share, in the year-ago period. On an adjusted basis, the company earned 62 cents a share, missing analysts’ expectations by a penny. The revenue figure, which stood at $32.6 billion, also missed Wall Street’s consensus estimate of $33.22 billion.

The company said it added more than 1 million postpaid subscribers -- those who sign a long-term contract or pay toward the end of the month. This is the largest for the company in the last five years, bringing the total to nearly 117 million.

Out of these newly added postpaid subscribers, around 707,000 were smartphone customers, while 366,000 were tablet customers. Total wireless net additions were 634,000 amid the loss of 405,000 prepaid customers.

Speaking about the broadband and television side of the business, the company said it added 488,000 net new U-verse Internet customers and 190,000 net new U-Verse TV customers in the last quarter.

The company also announced that its proposed acquisition of DirecTV is steadily progressing. AT&T's CFO John Stephens said in a conference call that the deal had received approval from regulators in Brazil and several U.S. states.

Next Sony to settle PlayStation Network class action suit for $15 million in goods and servicesPrev Samsung to host annual developers conference at Moscone West this November

View the original article here

Facebook exceeds expectations again with Q2 2014 results

Facebook has reported its second quarter numbers exceeding analyst expectations for the eighth time in a row and resulting in positive reactions in the marketplace. The company shows growth in revenue, income and user numbers. Compared to Q2 of last year, its revenue jumped 61% to $2.91 billion and its net income grew 139% to $791 million.

Facebook is also seeing user growth across the board with 1.32 billion active users and 829 million daily active users, up 14% and 19% year-over-year respectively. When talking specifically about mobile, Facebook's Q2 2014 numbers are even more impressive. The company hit 1.07 billion monthly active mobile users, up nearly 6% from last quarter, and its daily mobile users jumped 7.4% from 609 million to 654 million.

Facebook has also now set records around the world for its global rise in average revenue per user (ARPU), according to reports. The company seems to be pulling in more cash on a user by user basis, even as it continues to grow. 

As some have suggested, the growth numbers are fairly impressive for a company that already has so many users, but the expansion also rises costs. Facebook spent $1.52 billion in the second quarter of 2014, up about 22% from the year prior.

However, despite the heavy expenses, Facebook clearly had a strong quarter. "Our community has continued to grow, and we see a lot of opportunity ahead as we connect the rest of the world," Mark Zuckerberg said during a statement accompanying the Q2 results. 

Next Samsung to host annual developers conference at Moscone West this NovemberMore See a summary of the most popular topics in tech right now

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