AT&T Wireless Q3 results

Oct 19 2004 - 04:49 PM ET | AT&T Wireless
AT&T Wireless reported a profit of 4 per share for the third quarter of 2004. That's two cents higher than last quarter, but two cents lower than the same quarter last year. Net customer additions were 170,000, or 26% higher than Q3 2003. Additions during Q2 2004 were a sickly 15,000. Third quarter services revenue declined 1.5 percent from the second quarter to $3.813 billion. Services revenue declined $260 million, or 6.4 percent, from the year-ago quarter. Led by strong customer demand for messaging services, mMode and business data solutions, revenue from wireless data services increased 145 percent over the prior year period. More than offsetting these increases were lower monthly recurring charges received from the company's postpaid subscriber base and higher promotional incentives to support customer retention efforts during the quarter. The all importnat average revenue per customer metric fell to $57.40 from $61.20 in the year ago quarter.