AT&T: Q2 Earnings Snapshot

DALLAS — AT&T Inc. (T) on Thursday reported second-quarter earnings of $1.57 billion.

The Dallas-based company said it had net income of 21 cents per share. Earnings, adjusted for one-time gains and costs, were 89 cents per share.

The results surpassed Wall Street expectations. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of 78 cents per share.

The telecommunications company posted revenue of $44.05 billion in the period, also exceeding Street forecasts. Fourteen analysts surveyed by Zacks expected $42.65 billion.

AT&T shares have decreased 3% since the beginning of the year, while the S&P’s 500 index has increased 16%. The stock has dropped nearly 8% in the last 12 months.

_____

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

Share Your Story

Nativo Sponsored Content

Ad Tango


"

taboola desktop

MORE ARTICLES LIKE THIS

1
INDICTED
ABQnews Seeker
Former state lawmaker Sheryl Williams Stapleton ... Former state lawmaker Sheryl Williams Stapleton facing 28 felony counts
2
Man charged with killing panhandler on West Side
ABQnews Seeker
Fatal shooting occurred Sunday morning at ... Fatal shooting occurred Sunday morning at 98th and West Central
3
Already pushed to brink, nurses face delta surge
ABQnews Seeker
Getting vaccinated is 'the best thing ... Getting vaccinated is 'the best thing anyone can do right now'
4
Footage shows more to the story of officer, burrito
ABQnews Seeker
Probe found APD officer used knee ... Probe found APD officer used knee to steer vehicle as he snacked on meal as prisoner was being transported
5
New PED chief outlines lofty goals, vows to make ...
ABQnews Seeker
Objectives include significantly boosting student achievement ... Objectives include significantly boosting student achievement and well-being
6
New MDC medical provider to boost staffing
ABQnews Seeker
Contractor faced lawsuits previously over patient ... Contractor faced lawsuits previously over patient care
7
Man accused of setting multiple fires faces arson charge
ABQnews Seeker
A homeless man who fire investigators ... A homeless man who fire investigators say could have been involved in multiple Downtow ...
8
Car seat checkups, insurance vs. tags, late fees are ...
ABQnews Seeker
NM drivers must show proof of ... NM drivers must show proof of insurance in order to register their vehicles
9
Transforming NM's Public Schools: Kurt Steinhaus rises to education ...
ABQnews Seeker
Challenges include pandemic, reducing the rate ... Challenges include pandemic, reducing the rate of dropouts
10
Irrigation innovation: Drought challenges water traditions in New Mexico
ABQnews Seeker
Drought tests centuries-old water traditions in ... Drought tests centuries-old water traditions in New Mexico