Core Viewpoint - AT&T is expected to announce its second quarter financial results for the 2024 fiscal year on July 24th, with anticipated revenue growth but a decline in profits [4][5][20] Financial Performance - Analysts forecast revenue of $29.99 billion for the second quarter, a 0.2% increase from $29.92 billion in the same quarter of 2023, driven by growth in most operations except for the Business Wireline segment [5][6] - Earnings per share are projected to decline from $0.61 in Q2 2023 to $0.54 in Q2 2024, translating to a drop in net income from $4.44 billion to $3.88 billion [6][7] - Adjusted earnings per share are expected to decrease from $0.63 to $0.57, resulting in adjusted profits falling from $4.58 billion to $4.10 billion [6][7] Operational Segments - The Business Wireline segment has been in decline, affecting overall revenue and profitability, while other segments like Mobility and Latin America have shown growth [13][14][19] - Excluding the Business Wireline segment, total revenue growth from 2021 to 2023 was 8.1%, compared to 3.8% when including it [14][17] Future Outlook - Management anticipates adjusted EBITDA of approximately $44.70 billion for the year, up from $43.40 billion the previous year, with free cash flow expected between $17 billion and $18 billion [8][20] - The company is expected to continue generating significant positive cash flows and focus on debt reduction and dividends, with potential for share buybacks [20]

AT&T logo is seen at store in Washington DC on July 12, 2024. (Photo by Jakub Porzycki/NurPhoto via ... [+] Getty Images)NurPhoto via Getty ImagesAT&T stock is poised to report its Q2 2024 earnings on July 24. The stock has fared reasonably well this year, rising by about 11% since early January. In comparison, rival Verizon has seen its stock rise 8% over the same period. We expect AT&T to report earnings of $0.58 per share, slightly ahead of the consensus estimates, although this would be below Q2 2023 ea ...

The veteran telecom is on an upswing from a multiyear turnaround.What a difference a year makes for telecom giant AT&T (T -0.27%). Its stock price rose in recent months, reaching a 52-week high of $19.32 on July 1.The stock's surge is a reversal from last July's 52-week low of $13.43. Part of the credit for the share price gains is due to analyst upgrades. JPMorgan, Goldman Sachs, and Barclays were among those upgrading AT&T stock this year.Does this suggest now is the time to pick up shares? To answer that ...

All the announcements out of Samsung Unpacked and how Whataburger’s app became an unlikely power outage mapThis week, AT&T confirmed it will begin notifying around 110 million AT&T customers about a data breach that allowed cybercriminals to steal the phone records of “nearly all” of its customers. The stolen data contains phone numbers and AT&T records of calls and text messages during a six-month period in 2022, the company says. If you’re an AT&T customer, here’s what the breach could mean for you.Samsun ...

AT&T Inc (NYSE:T) announced hackers illegally downloaded data from 109 million customers containing call and text records from 2022, but noted the content of messages and sensitive personal information such as social security numbers were not compromised. The Federal Bureau of Investigation (FBI) is investigating this incident, and arrested at least one person so far.Shares are down 1.1% to trade at $18.66 at last check, but the 20-day moving average is ready to contain any additional losses. The equity jus ...

Key TakeawaysAT&T said nearly all its cellular customers had call and text records compromised in an April data breach.The breach does not include users' names, but that information could be determined by publicly available tools linking names to phone numbers.AT&T believes the leaked data is not currently publicly available. AT&T (T) said Friday that call and text records from “nearly all” its cellular customers were compromised in a massive data breach in April, sending shares lower. The breach includes d ...

AT&T revealed Friday that a cyberattack breached the data of “nearly all” of its cellular customers and downloaded it to a third-party cloud platform.The telecom giant has “taken steps” to close off the illegal access point and is working with law enforcement to track down the hackers. At least one person has already been apprehended, AT&T said. “At this time, we do not believe that the data is publicly available,” AT&T said in a statement.The company first learned in April that a cyberattack breached the d ...

AT&T says hackers stole call and text records from "nearly all" of its wireless customers.The data includes the phone numbers that customers interacted with.It doesn't include the contents of the calls and texts, or Social Security numbers, AT&T said. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address By clic ...

AT&T is working with law enforcement in its efforts to arrest those involved in the incident. For more information, visit att.com/DataIncident.DALLAS, July 12, 2024 /PRNewswire/ -- In April, AT&T (NYSE:T) learned that customer data was illegally downloaded from our workspace on a third-party cloud platform. We launched an investigation and engaged leading cybersecurity experts to understand the nature and scope of the criminal activity. We have taken steps to close off the illegal access point. We are worki ...

U.S. phone giant AT&T confirmed Friday it will begin notifying millions of consumers about a fresh data breach that allowed cybercriminals to steal the phone records of “nearly all” of its customers, a company spokesperson told TechCrunch.In a statement, AT&T said that the stolen data contains phone numbers of both cellular and landline customers, as well as AT&T records of calls and text messages — such as who contacted who by phone or text — during a six-month period between May 1, 2022 and October 31, 20 ...