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ATT profit up 22% on strong wireless growth

Associated Press

NEW YORK — AT&T says its first-quarter earnings rose 22 percent as its wireless division saw continued strong growth and the enterprise services division reversed a declining trend.

The country’s largest telecommunications company said Tuesday it earned $3.46 billion, or 57 cents per share, in the quarter, compared with $2.85 billion, or 45 cents per share, a year ago.

Excluding items, AT&T earned 74 cents per share, up from 65 cents per share a year ago.

Revenue rose 6.1 percent to $30.7 billion.

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The earnings per share and revenue figures matched the average expectation of analysts polled by Thomson Financial.

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