AT&T meets estimates as profit drops on merger costs [MarketWatch]
AT&T Inc. (T)
Last at&t inc. earnings: 4/22 06:54 am
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Source: MarketWatch
AT&T meets estimates as profit drops on merger costs AT&T Inc. T, -0.12% reported a drop in second-quarter profit on merger costs. AT&T said its net income fell to $3.7 billion, or 51 cents a share, from $5.1 billion, or 81 cents a share. Adjusted for merger costs and other items, AT&T said it would've earned 89 cents a share, meeting analyst estimates. Revenue rose 15% to $45 billion, slightly ahead of the $44.9 billion seen by analysts. The company reported 355,000 new subscribers in phones, but a 778,000 subscriber loss in premium TV and a 168,000 decline in DirecTV Now. The company lifted its free cash flow guidance to $28 billion but otherwise reiterated 2019 targets.
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Earnings
- 4/24/24 - Beat
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Sec Filings
- 4/25/24 - Form 4
- 4/24/24 - Form 8-K
- 4/24/24 - Form 8-K
- T's page on the SEC website