AT&T Inc. on Tuesday reported second-quarter earnings growth driven by progress in merger integration, wireline operations execution and increased contributions from Cingular Wireless, which is 60 percent owned by AT&T.
The company said its second-quarter earnings per diluted share were 46 cents, up 53.3 percent over the year-ago quarter. The company added that prior to merger-related costs, earnings per diluted share were 58 cents, up 34.9 percent versus comparable adjusted results in the second quarter of 2005, which marked AT&T's fifth consecutive quarter of double-digit growth in earnings-per-share before merger-related costs, according to the company.
AT&T reported that second-quarter net income totaled $1.8 billion, up 80.8 percent from the year-ago quarter, and earnings were $2.3 billion, up 59.6 percent from pre-merger results in the second quarter of 2005. Cash from operating activities totaled $4.7 billion, up 24.1 percent versus the year-ago second quarter, AT&T reported.
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