AT&T profit, out­look brighten

Austin American-Statesman - - BUSINESS & PERSONAL FINANCE -

AT&T Inc. said that its earn­ings rose 26 per­cent in its most re­cent quar­ter and raised its fore­cast for the year, helped by its iPhone­fu­eled wire­less arm and cost-cut­ting.

The coun­try’s largest telecom­mu­ni­ca­tions provider said it now ex­pects a strong in­crease in earn­ings over last year, com­pared with its pre­vi­ous fore­cast of “sta­ble to im­proved” re­sults. Dal­las-based AT&T also posted its firstever de­cline in wired broad­band sub­scribers, cap­ping a decade of growth.

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