AT&T Inc T shares traded lower Tuesday as CFO Pascal Desroches updated shareholders at the 2023 Bank of America C-Suite Technology, Media, and Telecommunications Conference.
AT&T expects Q2 free cash flow to range between $3.5 billion - $4 billion.
He also disclosed that AT&T remains on track to deliver an FY23 free cash flow of $16 billion.
In Wireless, the company tracked slightly above 300,000 Q2 postpaid phone net additions and said its subscriber porting trends have normalized.
The numbers lagged the Wall Street consensus of 476,000.
AT&T, overall, has not seen a material change in its porting ratios, including cable.
The company expects Q2 fiber net additions to be in the mid-200,000 range.
It remains on track with its 5G and fiber network expansion commitments.
AT&T disclosed deploying a Generative AI tool for its employees.
Price Action: T shares traded lower by 1.12% at $15.87 on the last check Tuesday.
Photo by Tdorante10 via Wikimedia
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