Dubster watching
4 months ago
Junk!
AT&T (NYSE: T) reported first-quarter earnings that beat analyst expectations, though revenue fell short.
The stock was trading 1.5% higher in premarket trading.
For the fiscal Q1 2024, AT&T posted earnings per share (EPS) of $0.55, above the consensus estimate of $0.53. However, the company's revenue for the quarter was $30 billion, slightly below the consensus projection of $30.53 billion.
AT&T highlighted that total service revenues increased by $225 million, while equipment revenues decreased by $336 million. Mobility service revenues saw a growth of 3.3%, and broadband revenues increased by 7.7%, primarily driven by expansion in fiber services.
The company's adjusted EBITDA for the quarter was $11 billion, marking a 3.8% increase year-over-year, and surpassing the analyst expectations of $10.89 billion.
Dubster watching
4 months ago
Earnings going to help?
My prediction- (pain-t, they are going to be somewhat fabricated bs as usual)
From what I have seen, revenue will meet, subs slightly lower than expected and decent FCF. I expect a βstableβ outlook from them but we know the truth.
Cost cutting wont save a company with NO integrity.
If it gets beat down, (it will), I will be there to stand on it just like VZ yesterday and today.
Make them both pay, forever!