AT&T Posts 65c Adjusted EPS for Third Quarter
T sits 19% above its 52-week low of $19.89.
Summary
AT&T reported third-quarter adjusted EPS of 65 cents, alongside revenue of $32.32B and continuing operations EPS of 13 cents. Adjusted EBITDA came in at $12.5B, with cash from operating activities from continuing operations of $10.5B and capital investment of $5.6B, producing free cash flow of $5B. Advanced connectivity service revenue was $23.9B, up 6.1%. The quarter follows the $23 billion EchoStar spectrum close in July, the BlackRock/CPP fiber joint venture announced October 6, and the $2 billion sale of AT&T Mexico to Televisa and Fintech Holdings announced October 13. Those deals reshape the revenue base and add debt and integration costs, so the quality of this EPS number — and any change to full-year guidance — is what determines the reaction.
At the time of this announcement, T was trading at $23.71 on NYSE in the Trade & Services sector, with a market capitalization of approximately $160.5B. The 52-week trading range was $19.89 to $29.44. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.