ATT (Cingular) 1st Quarter Results

ATT reported their 1st quarter results for their wireless division Cingular. Overall, the numbers were good, but ATT did not meet analysts' estimates.

Net Additions = 1.2 million (short of analysts' estimates of 1.3 million)
Total Churn = 1.7% (drop from 1.9% this quarter last year)
Post-Paid Churn = 1.3% (drop from 1.6% this quarter last year)
ARPU (Avg. Revenue Per User) = $49.21 (1.5% increase year over year)
Data ARPU = $7.88 (51% increase year over year)
Wireless Revenues = $10 billion (increase of 11%)

Wireless revenue represented one-third of ATT's total revenue for the first quarter.