A.T.&T. reports $1 billion in fourth-quarter earnings

Article Abstract:

AT&T announced record 4th qtr 1992 earnings of $1 billion or 75 cents per share, a 57.5 percent increase over 4th qtr 1991 earnings of $635 million or 48 cents per share. Revenue was $17.5 billion for the quarter, a 6.3 percent increase over 1991. FY 1992 earnings were $3.8 billion or $2.86 per share, up from FY 1991's $522 million or 40 cents per share. FY 1992 revenue was $64.9 billion, a 2.9 percent increase over FY 1991's $63.09 billion. AT&T's earnings gain did not surprise analysts. It resulted mainly from a $900 million increase in sales of telephone switching, transmission and undersea cable equipment. AT&T's low 1991 figures also magnified its 1992 earnings by comparison. Analysts consider 26 percent to be a more accurate figure for the company's 4th qtr earnings rise. AT&T's reduced 1991 earnings were due to restructuring charges and a sharp drop in the value of AT&T's stake in the Compagnie Industriali Riunite.

Electronic computers, Revenue, Financial Report, Fourth Quarter

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A. T. & T. and Sprint climb sharply

Article Abstract:

AT & T and Sprint Corp both report strong 1st qtr earnings, mostly due to plant closings and layoffs. Revenue growth in the 1st qtr was still poor as the recession continues to take effect. AT & T reports 1st qtr earnings up 16.5 percent, but quarterly revenue was stagnant at $15.38 billion, an increase of less than one percent over the previous year. Sprint reports 1st qtr earnings up 19.5 percent, but quarterly revenue rose only 2.2 percent over 1991.

Telegraph & other communications, Long distance telephone services, Sprint Corp., Long-Distance Telephone Service, First Quarter

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