AT&T misses revenue estimates as coronavirus weighs on business [Reuters]
AT&T Inc. (T)
Last at&t inc. earnings: 4/22 06:54 am
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Source: Reuters
AT&T misses revenue estimates as coronavirus weighs on business (Reuters) - AT&T Inc’s ( T.N ) first-quarter revenue fell short of Wall Street expectations and the company pulled its annual forecast on Wednesday, as the impact of the coronavirus outbreak overshadowed a strong growth in monthly phone subscribers. The U.S. media and telecommunications giant said the pandemic reduced earnings by 5 cents per share. Advertising sales, which was severely hit due to the postponement of live sports such as March Madness, and lower wireless equipment sales led to a $600 million decline in revenue, AT&T reported. The company said it had limited visibility for the rest of the year, but added that it had enough free cash flow to pay dividends and make debt payments. In the first three months of the year, AT&T added 163,000 net new monthly phone subscribers, beating the average Wall Street estimate of 90,700. AT&T was able to earn more customers despite shutting down more than 40% of its retail
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Earnings
- 10/22/25 - Miss
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Sec Filings
- 12/2/25 - Form 4
- 12/2/25 - Form 4
- 12/2/25 - Form 4
- T's page on the SEC website