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AT&T CFO John Stephens Talks Q2 And Long-Term Growth (T)

AT&T CFO John Stephens Talks Q2 And Long-Term Growth T

AT&T (NYSE: T) CFO John Stephens discussed the company's Q2 EPS $0.67, excluding certain items, that came in under the $0.68 analysts' estimates.

The sale of AT&T's América Móvil (NYSE: AMX) shares would add another $0.04, but isn't included in the Q2 EPS. The Q2 revenue came in over analysts' estimates of $31.8 billion at $32.08 billion.

"We're growing revenues over $800 million quarter over quarter…We did it by adding two million broadband costumers," said Stephens.

Related: Smartphone Shipments Rose 31% in Q2 - Did Apple Cash In?

Stephens cited the company's strong network is an advantage, and said that their customers are using data intensely. According to Stephens, AT&T's costumer data usage has increase 50 percent year-over-year this quarter.

They're also trying to spark green in other areas, noting their new trade-in plan that will allow costumers to apply the value of old phones towards new ones. Stephens said that AT&T simply resells the old phones.

"What it allows them to do, is for a monthly fee, get a new phone every twelve months, and in return, we waive all upgrade fees and all activation fees," said Stephens.

The service goes live on Friday, July 26.

Posted-In: Earnings News Dividends Topics Management Success Stories Hot Markets Best of Benzinga


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