AT&T Earnings: Here’s Why Shares are Up Now

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 up 0.39%.

AT&T, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 1.52% to $0.67 in the quarter versus EPS of $0.66 in the year-earlier quarter.

Revenue: Rose 1.58% to $32.08 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: AT&T, Inc. reported adjusted EPS income of $0.67 per share. By that measure, the company missed the mean analyst estimate of $0.68. It beat the average revenue estimate of $31.81 billion.

Quoting Management: “This was a solid quarter for revenue and customer additions across our key growth platforms,” said Randall Stephenson, AT&T chairman and CEO. “Our 4G LTE network is the fastest and the most reliable in the nation, and deployment is ahead of schedule. That contributed to a step-up in postpaid subscriber gains, and strong mobile data revenue growth of nearly 20 percent. Growth in U-verse and strategic business services also continued to be strong — adding to our momentum.”

Key Stats (on next page)…

Revenue increased 2.29% from $31.36 billion in the previous quarter. EPS increased 4.69% from $0.64 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 $0.67 to a profit $0.68. For the current year, the average estimate has moved down from a profit of $2.53 to a profit of $2.50 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)