“AT&T beats estimates for subscriber additions, free cash flow”
May 1, 2024
“…But revenue came in at $30 billion, below LSEG expectations of $30.54 billion, as the U.S. telecom space continues to see muted phone upgrades. Adjusted profit for the quarter was 55 cents per share, in line with expectations…”
https://finance.yahoo.com/news/t-beats-estimates-subscriber-additions-103413531.html
When the bar is set on the floor its easy to rise above expectations. At the end of the day revenue is all that matters. It seems to me that AT&T set a low goal and somehow failed to hit that mark. While I don’t think AT&T is doing horribly I just get tired of reading these articles that make companies appear to be doing better than they really are. In the future I might start pointing things like this out more.