AT&T Q3 beats on EPS and revenue; wireless subscriber growth underwhelms

Seekingalpha+1 · 3 hours ago
AT&T Q3 beats on EPS and revenue; wireless subscriber growth underwhelms
  • AT&T reported Q3 adjusted EPS of $0.65, beating consensus by $0.05, and revenue of $32.32B, beating by $670M.
  • Adjusted EPS rose 20% from a year earlier and revenue rose 5% to $32.3 billion.
  • Postpaid phone subscriber additions came in below expectations, per Seeking Alpha, while Investor's Business Daily characterized them as only meeting expectations.
  • AT&T shares fell about 4.6% in premarket trading on Wednesday after the results.