AT&T Earnings: Mixed Signals?

AT&T, Inc. (NYSE:T) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.15%.

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AT&T, Inc. Earnings Cheat Sheet

Results: Net loss of $3.89 billion (loss of 68 cents per diluted share) in the quarter versus a net loss of $6.68 billion in the year-earlier quarter.

Revenue: Rose 0.23% to $32.58 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: AT&T, Inc. reported adjusted net income of 44 cents per share. By that measure, the company missed the mean analyst estimate of $0.46. It beat the average revenue estimate of $32.22 billion.

Quoting Management: “Looking ahead, our key growth platforms — mobile data, U-verse and strategic business services — all have good momentum with a lot of headroom,” Stephenson said…

…We’re off to a strong start executing Project VIP, our plan to expand our high-growth platforms to millions more customers, and our 4G LTE network deployment is ahead of schedule, delivering outstanding performance.”

Key Stats:

Revenue increased 3.56% from $31.46 billion in the previous quarter. Net income increased 15.87% from $3.64 billion in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.63 to a profit $0.64. For the current year, the average estimate has moved down from a profit of $2.4 to a profit of $2.35 over the last ninety days.

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(Company fundamentals provided by Xignite Financials.)