AT&T earnings unchanged
NEW YORK (AP) - AT&T says its first quarter earnings were unchanged from the first three months of last year, but revenue grew as the wireless business added more than 1 million subscribers.
First-quarter net income was $3.7 billion, or 70 cents per share, compared with $3.7 billion, or 67 cents, a year earlier, when AT&T had more shares outstanding. Adjusting for one-time items, income was 71 cents per share, compared with 64 cents in the same period last year. Analysts expected 70 cents.
Revenue grew 4 percent to $32.5 billion, better than the $32.4 billion analysts expected, according to FactSet.
AT&T Inc. said Tuesday that it added 1,062,000 wireless subscribers in the quarter. That includes 625,000 smartphones and tablets in "post-paid" plans. These are the high-value customers on contracts or long-term installment plans.
Google challenges nonprofits on ideas
WASHINGTON (AP) - Google has a challenge for U.S. nonprofits.
On Tuesday, the tech giant is asking nonprofit groups to propose ideas for how to use the Web-connected eyewear Google Glass in their work. Five charities that propose the best ideas by May 20 will get a free pair of the glasses, a trip to Google for training and a $25,000 grant to help make their project a reality.
Already, Google has been testing Glass with nonprofits in their field work.
Conservationists at the Washington-based World Wildlife Fund have been using Google Glass for hands-free field research. In Nepal, a research officer has been using Google Glass to track, photograph and monitor rhinos to help protect them from poaching in areas that are inaccessible by
Amgen misses 1Q views as higher costs
THOUSAND OAKS, Calif. (AP) - Despite higher sales, biotech drugmaker Amgen's first-quarter profit fell 25 percent as production and research costs rose sharply, while the year-ago quarter enjoyed a tax benefit. The company badly missed Wall Street's expectations for both earnings per share and revenue.
The maker of injected osteoporosis treatment Prolia says net income was $1.07 billion or $1.40 per share, down from $1.43 billion, or $1.88 per share, in 2013's first quarter.
Excluding one-time items, income would have been $1.44 billion, or $1.87 per share. Analysts expected $1.94.