AT&T Earnings: Mixed Signals?
AT&T, Inc. (NYSE:T) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.15%.
AT&T, Inc. Earnings Cheat Sheet
Results: Net loss of $3.89 billion (loss of 68 cents per diluted share) in the quarter versus a net loss of $6.68 billion in the year-earlier quarter.
Revenue: Rose 0.23% to $32.58 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: AT&T, Inc. reported adjusted net income of 44 cents per share. By that measure, the company missed the mean analyst estimate of $0.46. It beat the average revenue estimate of $32.22 billion.
Quoting Management: “Looking ahead, our key growth platforms — mobile data, U-verse and strategic business services — all have good momentum with a lot of headroom,” Stephenson said…