AT&T reported record profits during its third quarter, offsetting a decline in consumer services sales with growth in its business, international and wireless operations.
Net profits for the third quarter, ended 30 September, were up 67.8 per cent to $1.96 billion ($1.00 per share), from $1.16 billion a year earlier (65 cents per share). Wall Street analysts had anticipated earnings of 95 cents per share.
Turnover for the quarter increased 4.3 per cent to $13.65 billion from $13.01 billion a year earlier.
During the quarter, AT&T sustained two pre-tax charges - $602 million in pension obligations, and $85 billion expenses relating to its planned merger with Teleport Communications (TCI), announced in June.
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