Posted on 23/10/08
AT&T profit crimped by iPhone subsidies
AT&T Inc.'s profit rose 5.5 per cent in the third quarter, but missed analyst expectations because of strong sales of the iPhone, which the carrier subsidizes. America's largest telecommunications company said yesterday it earned $3.23-billion (U.S.), or 55 cents per share, in the July-September period, up from $3.06-billion, or 50 cents, in the same quarter a year ago. Excluding $1.
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