AT&T posts better-than-expected profit in Q1, sells record 5.5 million smartphones

. AT&T on Tuesday reported its results for the first quarter of 2012. Following a record holiday quarter that saw the nation's No.2 carrier pull in $0.42 per share excluding one-time charges on sales of $32.5 billion, analysts were expecting first-quarter EPS of $0.57 on revenue totaling $31.85 billion. The company beat expectations, posting a profit of $0.60 per share on in-line sales of $31.8 billion. AT&T activated 3.6 million iPhones during the first quarter last year, and that number climbed to 4.3 million in the first quarter of 2012, down seasonally from a record 7.6 million during the holiday quarter.

Boy Genius Report, AT&T posts better-than-expected profit in Q1, sells record 5.5 million smartphones