AT&T: Q3 Earnings Insights

Shares of AT&T T rose 1.6% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were down 19.15% year over year to $0.76, which were in line with the estimate of $0.76.

Revenue of $42,340,000,000 decreased by 5.04% year over year, which beat the estimate of $41,610,000,000.

Looking Ahead

AT&T hasn't issued any earnings guidance for the time being.

AT&T hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Oct 22, 2020

Time: 08:30 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/5dcv6c9q

Recent Stock Performance

Company's 52-week high was at $39.70

52-week low: $26.08

Price action over last quarter: down 8.18%

Company Profile

Wireless communication remains AT&T's largest business, contributing nearly 40% of revenue. As the second- largest U.S. wireless carrier, AT&T connects more than 100 million devices, including 63 million postpaid and 16 million prepaid phone customers. The consumer and entertainment segment (about 25% of revenue) includes the consumer fixed-line and DirecTV satellite television businesses, serving 20 million television and 14 million Internet access customers. WarnerMedia now contributes a bit less than 20% of revenue with media assets that include HBO, the Turner cable networks, and the Warner Brothers studios. Fixed-line business communications (14%), Latin American satellite television (2%), and Mexican wireless services (1%) constitute the remainder of the firm.