AT&T?s Q2 2012: Revenues Of $31.6B, Earnings Of $0.66/Share, 61% Of Wireless Subscribers On Smartphones

AT&T has just released its Q2 2012 financial results -- the telecom giant reported quarterly revenues of $31.6 billion (that's up 0.3% year-over-year) and earnings of $0.66 per share (up a full 10% year-over-year). AT&T also reported operating income of $6.8 billion, a healthy jump from to the $6.1 billion it reported in the previous quarter. As solid as the numbers seem, AT&T couldn't completely beat analyst expectations. The company couldn't quite match forecasted revenues of $31.7 billion, but easily beat expected earnings of $0.63.

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