Newsletter

Menu

AT&T’s Q2 revenue tops expectations; earnings in-line

By Staff Correspondent |
Earnings Update by AlphaStreet

AT&T Inc. (NYSE: T) reported better-than-expected revenue for the second quarter of 2019 while earnings came in line with estimates. The consensus estimate was for earnings of $0.89 per share on revenue of $44.8 billion. Shares were down 1.6% in premarket hours on Wednesday.

Consolidated revenues of $45 billion were up 15.3% year-over-year, mainly due to the Time Warner acquisition.

AT&T tops revenue expectations for second quarter 2019 while earnings match estimates

Net income attributable to AT&T was $3.7 billion, or $0.51 per share, compared to $5.1 billion, or $0.81 per share, in the year-ago quarter. Adjusted EPS was $0.89.

During the quarter, revenue declines in legacy wireline services, Vrio, domestic video and wireless equipment were offset by the addition of WarnerMedia and growth in domestic wireless services, strategic and managed business services, IP broadband and Xandr.

In the Communications segment, revenues were $35.5 billion, up 0.3% year-over-year, reflecting gains in Mobility that were partially offset by declines in Entertainment Group and Business Wireline.

Mobility revenues grew 1.3%, with a growth in service revenues offset by declines in equipment revenues. The company reported total net adds of 3.9 million to reach 159.7 million in service. Entertainment Group revenues dipped 1% hurt by declines in TV subscribers and legacy services. Business Wireline revenue was down 0.3%.

Revenues at WarnerMedia grew 5.5% year-over-year to $8.4 billion, driven mainly by the consolidation of Otter Media, higher Warner Bros. revenues and gains at Turner and Home Box Office.  

In Latin America, revenues fell 9.9% year-over-year to $1.8 billion, due to foreign exchange pressures from revenues in multiple currencies. Revenues were up 4% in Mexico and down 17.7% in Vrio. Xandr revenues grew 23.7% to $485 million.

For fiscal year 2019, the company expects low single digit adjusted EPS growth and free cash flow guidance in the $28 billion range.

Listen to on-demand earnings calls and hear how management responds to analysts’ questions

Advertisement

More on this Company

65 responses to “AT&T’s Q2 revenue tops expectations; earnings in-line”

  3. ItMe.Xyz

    […]just beneath, are numerous totally not related websites to ours, nonetheless, they’re surely worth going over[…]

  4. Bulk URL Shortener

    […]Wonderful story, reckoned we could combine several unrelated data, nonetheless genuinely really worth taking a search, whoa did a single study about Mid East has got much more problerms too […]

  6. ItMe.Xyz

    […]we prefer to honor numerous other web web pages on the web, even when they aren’t linked to us, by linking to them. Beneath are some webpages worth checking out[…]

  17. liz kerr

    […]check below, are some entirely unrelated internet sites to ours, nevertheless, they’re most trustworthy sources that we use[…]

  20. cheap video chat

    […]although web sites we backlink to beneath are considerably not related to ours, we feel they may be truly really worth a go by way of, so possess a look[…]

  23. Premium URL Shortener

    […]although sites we backlink to beneath are considerably not associated to ours, we feel they may be basically worth a go by means of, so have a look[…]

  43. french bulldog texas

    […]we prefer to honor a lot of other web web pages on the web, even if they aren’t linked to us, by linking to them. Underneath are some webpages really worth checking out[…]

  44. linh hoang

    […]very few sites that come about to become comprehensive below, from our point of view are undoubtedly effectively worth checking out[…]

  45. sui

    […]the time to study or pay a visit to the content or internet sites we have linked to below the[…]

  60. French Bulldog Adoption

    […]that could be the end of this report. Here you’ll locate some internet sites that we believe you will enjoy, just click the hyperlinks over[…]

  61. French Bulldog Adoption

    […]Wonderful story, reckoned we could combine a number of unrelated information, nonetheless seriously worth taking a look, whoa did one particular master about Mid East has got much more problerms also […]

  64. gaming

    […]we like to honor many other world wide web web sites around the net, even when they aren’t linked to us, by linking to them. Under are some webpages worth checking out[…]

Top