AT&T: 1Q Earnings Snapshot
Posted Apr 24, 2019 06:59:57 AM.
This article is more than 5 years old.
DALLAS (AP) _ AT&T Inc. (T) on Wednesday reported first-quarter earnings of $4.1 billion.
On a per-share basis, the Dallas-based company said it had net income of 56 cents. Earnings, adjusted for one-time gains and costs, were 86 cents per share.
The results surpassed Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of 85 cents per share.
The telecommunications company posted revenue of $44.83 billion in the period, which missed Street forecasts. Thirteen analysts surveyed by Zacks expected $45.09 billion.
AT&T shares have increased 13 per cent since the beginning of the year, while the Standard & Poor’s 500 index has climbed 17 per cent. The stock has dropped almost 8 per cent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on T at https://www.zacks.com/ap/T
The Associated Press
