AT&T Inc. (T) reported modest first-quarter 2024 results, as solid wireless traction and customer additions were partially offset by lower demand for legacy voice and data services. The company recorded strong subscriber growth backed by a resilient business model and robust cash flow position, driven by a diligent execution of operational plans. AT&T expects to continue investing in key areas of 5G and fiber and adjust its business according to the evolving market scenario to fuel long-term growth.Net Inco ...

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Key TakeawaysAT&T posted a mixed first-quarter earnings report Wednesday, missing revenue estimates but reporting additions to its mobile and internet subscriber base.The telecommunications giant said lower sales volumes and a nearly 8% year-over-year drop in its Business Wireline segment hurt its total revenue.AT&T affirmed its full-year guidance, projecting wireless service and broadband revenue to grow 3% and 7%, respectively. AT&T (T) shares jumped in premarket trading Wednesday following the release of ...

Follow Invezz on Telegram , Twitter , and Google News for instant updates >On April 24th, mobility and fiber service provider AT&T (NYSE: T) reported their first financial results for the 2024 year.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.AT&T is the second of the United States telecoms giants to announce their Q1 earnings, with Verizon having reported on Monday and T-Mobile reporting results tomorrow. A highlight for the company was its free c ...

AT&T Inc. Financial Data Consolidated Statements of Income Dollars in millions except per share amounts Unaudited First Quarter Percent 2024 2023 Change Operating Revenues Service $ 24,842 $ 24,617 0.9 % Equipment 5,186 5,522 (6.1)% Total Operating Revenues 30,028 30,139 (0.4)% Operating Expenses Cost of revenues Equipment 5,143 5,658 (9.1)% Other cost of revenues (exclusive of depreciation and amortization shown separately below) 6,811 6,673 2.1 % Selling, general and administrative 7,021 7,175 (2.1)% Asse ...

Company's investment-led approach and connectivity momentum fuels Mobility service and broadband revenue growth  DALLAS, April 24, 2024 /PRNewswire/ -- AT&T Inc. (NYSE: T) reported first-quarter results that highlighted consistent 5G and fiber customer additions and showcased profitable growth driven by increased Mobility service and broadband revenues.       First-Quarter Consolidated Results AT&T 1Q2024 Earnings & Highlights Revenues of $30.0 billion Diluted EPS of $0.47; adjusted EPS* of $0.55 Ope ...

The earnings season kicked off in full swing this week, with several companies scheduled to release quarterly numbers. Communication industry giants AT&T Inc. (T) and T-Mobile US, Inc. (TMUS) are gearing up to unveil their latest quarterly results, sparking investors’ anticipation for insights into their performance and future outlook.Both companies topped earnings estimates in three of the last four quarters. Ahead of their upcoming reports, let's delve into the current standings of these major telecom riv ...

The telecommunications sector is vital for global connectivity. It comprises companies that enable data, voice, and video to be sent worldwide. These companies provide services like mobile network, broadband internet access, and satellite communications. Major players in this sector often benefit from having substantial, recurring customer bases and significant infrastructure investments, which can provide stable cash flows and dividends.However, investing in telecom stocks has its challenges. The sector re ...

 Analyst Estimates for Q1 2024Q4 2023Q1 2023Revenue$30.54 billion$32.02 billion$30.14 billionDiluted EPS$0.51$0.30$0.58Net Income$3.68 billion$2.14 billion$4.18 billion Key Metric: Subscriber Growth AT&T, like rivals such as Verizon (VZ) and T-Mobile (TMUS) which report earnings on Monday and Thursday respectively, is working to continue growing its subscriber numbers for wireless and internet services, as well to expand the availability of its 5G network. Wireless service is the biggest driver of revenu ...

AT&T Inc. (T) is scheduled to report first-quarter 2024 results on Apr 24, before the opening bell. In the last reported quarter, the adjusted earnings missed the Zacks Consensus Estimate by a penny.The company is expected to have witnessed a top-line improvement year over year on healthy wireless traction, driven by steady investments for 5G expansion and fiber broadband infrastructure development.Factors at PlayDuring the quarter, the company launched AT&T Dynamic Defense – the first-and-only network with ...