REDMOND, Wash.-Following a Financial Accounting Standards Board directive Oct. 8 on how companies report their interests in certain partnerships, AT&T Wireless Services Inc. posted an additional $27 million in net income for the third quarter, raising the carrier’s result to $156 million, or six cents per share.
AT&T Wireless noted the original FASB directive, which changed the way the value of minority interests of consolidated subsidiaries were carried on a company’s financial statements, required the carrier to take a $27 million after-tax charge during the third quarter.
