“AT&T Earnings Top Estimates As Wireless Subscriber Adds Beat”
October 19, 2023
“…Analysts had projected AT&T earnings of 62 cents a share on revenue of $30.2 billion, according to FactSet. A year earlier, AT&T earned 68 cents a share on revenue of $30 billion from continuing operations.
AT&T Stock: Free Cash Flow Grows
AT&T reported Q3 free cash flow of $5.2 billion, up 33% vs. estimates of $4.78 billion. Free cash flow growth supports AT&T’s dividend. AT&T increased its full-year free cash flow guide to $16.5 billion, up from $16 billion.
On the stock market today, T stock popped 5.9% to 15.19 in early trading. The telecom stock had retreated 21% heading into the AT&T earnings report…”