AT&T released strong numbers for the first Quarter of 2008 with profits surging 22%.
AT&T's reported first-quarter 2008 net income totaled $3.5 billion, up 21.5 percent from $2.8 billion in the year-earlier first quarter, and reported earnings per diluted share totaled $0.57, up 26.7 percent from $0.45 in the first quarter of 2007.
Apparently iPhone sales are a big part of the profit rise for AT&T.
More details on the AT&T site and on Bloomberg.
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