tiprankstipranks
AT&T On an Upswing After Strong Q3 Earnings Beat
Market News

AT&T On an Upswing After Strong Q3 Earnings Beat

AT&T’s (NYSE: T) shares were on an upswing in pre-market trading on Thursday as the telecommunications giant posted revenues of $30 billion, down by 4.1% year-over-year, surpassing analysts’ estimates by $140 million.

Adjusted earnings came in at $0.68 per share in Q3 beating Street estimates of $0.61 per share.

John Stankey, AT&T CEO commented, “Our disciplined go-to-market approach is helping drive healthy subscriber growth with high-quality customers. As a result, we now expect to achieve wireless service revenue growth in the upper end of the 4.5 percent to 5 percent range. “

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles