AT&T (NYSE:T) reports Q3 EPS of $0.62 which beats estimates by $0.02, while revenue of $31.5 billion the short of expectations by $ 120 million. Wireless operations EBITDA margin is 40.8%, while free cash flow expected for 2012 is increased by $2 billion to $18 billion plus. Average Revenue per User (ARPU) for postpaid subscribers is up 2.4% on a year-on-year basis and is the best seen over the past six quarters. 4.7 million iPhones were activated during the quarter.
Shares of social network Facebook (NASDAQ:FB) are up over 21% after its third-quarter report surprise on the upside for both revenue and income. The shorts are apparently rushing for the exits, and paying no heed to major lock-up expiries down the road. Other social networking and mobile ad stocks are reporting gains in reflected glory.
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Delta Air Lines‘ (NYSE:DAL) reports third-quarter EPS of $0.90 which is short of expectations by $0.01, while revenue of $9.92 billion misses by $50 million. Fuel costs came in at $3.14 per gallon and included production from its in-house refinery at Trainer. Passenger revenues in the US climbed 4% year-on-year.
Third-Quarter EPS at US Airways (NYSE:LCC) of $0.98 beat estimates by $0.06 and revenues at $3.53 billion were in line with consensus estimates. The good results were driven by strong passenger growth with revenues outstripping expenses.
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