IBEW 21 AT$T Bargaining Update #34 - AT$T Earnings and Solidarity Actions Exceed Expectations - Over 150 Members Suspended By AT$T Management
AT&T Exceeds Wall Streets Expectations:Earlier today, AT&T announced their 2009 second quarter results, and it should be clearly noted that earnings were better than had been expected by Wall Street analysts. AT&T reported net income of $3.2 billion, or 54 cents a share, on revenue of $30.7 billion, down from $30.9 billion a year ago. Wall Street was expecting earnings of 51 cents a share on revenue of $30.6 billion. AT&T says they are focused on bolstering its balance sheet, deleveraging and reducing debt with its cash on hand. In addition to gains in wireless, wireless data and IPhone related items, AT&T reports continued strong growth in AT&T U-verse TV subscribers, with a net increase of 248,000, to reach 1.6 million in service; more than three-fourths of AT&T U-verse TV subscribers have a triple- or quad-play option from AT&T (adding broadband, wireline voice and wireless). AT&T also added 112,000 wireline broadband connections in the second quarter. More news about AT&T's 2009 second quarter results w
