AT&T May Ride Out Verizon iPhone Storm

AT&T (NYSE: T) collected US$31.5 billion in revenue and delivered $3.59 billion — 60 cents per share — in profit, according to Thursday’s second quarter earnings report. Profits were down 10 percent from last year’s second quarter profit of $4 billion. Revenue rose 2.2 percent over last year. The performance was in line with forecasts. …