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Tuesday, July 25, 2006

T: AT&T Second-Quarter Profit Rose 81%

AT&T Inc. (T) said Tuesday its second-quarter profit rose 81%, citing progress in integrating the operations of the former AT&T with SBC Communications and increased contributions from Cingular Wireless.

AT&T's profit rose to $1.81 billion, or 46 cents a share, in the three months ended June 30 from $1 billion, or 30 cents a share, in the year-ago period. Excluding merger-related charges, AT&T reported earnings of 58 cents a share - up 34.9% from the same period last year.

Revenue rose 53% to $15.8 billion from $10.3 billion last year. The year-ago results don't include the operations of the former AT&T.

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