AT&T first-quarter profit falls 13 pct

22/04/2015 - 21:22

(Reuters) - AT&T Inc reported a 13 percent fall in quarterly profit and said revenue was nearly flat from a year earlier.

The second-largest U.S. wireless carrier posted net income attributable to the company of $3.2 billion, or 61 cents per share, in the first quarter ended March 31, compared with $3.65 billion, or 70 cents per share, in the year-ago quarter.

Excluding items, AT&T earned 63 cents per share, ahead of analysts' average estimate of 62 cents per share, according to Thomson Reuters I/B/E/S.

Revenue was $32.58 billion versus $32.48 billion a year earlier. Analysts expected revenue of $32.84 billion.

(Reporting by Malathi Nayak in New York and Supantha Mukherjee in Bengaluru)