Why AT&T (T) Shares Are Trading Lower Today - AT&T (NYSE:T)

Trending Investment Opportunities

AT&T Inc T reported second-quarter FY22 operating revenues of $29.64 billion, down 17.1% year-over-year, beating the consensus of $29.56 billion. The decline reflected WarnerMedia and other divestments.
Excluding the impact of the divestitures, operating revenues for standalone AT&T were up 2.2%, reflecting higher Mobility revenues.
In the Mobility segment, AT&T clocked 1.058 million postpaid phone net adds, 813 thousand postpaid net adds, and 196 thousand prepaid phone net adds.
In Mobility, it saw a Postpaid churn of 0.93%, which increased from 0.87% last year. The Consumer Wireline segment had 316 thousand AT&T Fiber net adds.
AT&T's adjusted EBITDA of $10.33 billion was down from $11.93 billion a year ago. The company generated $7.7 billion in operating cash flow and a free cash flow of $1.4 billion. It spent $4.9 billion on Capex.
Operating Income: Operating income declined to $5 billion.
Mobility segment operating income was up 3.4% Y/Y to $6.2 billion with a margin of 31.2%. Business Wireline segment operating margin was 12.7%.
Adjusted EPS of $0.65 beat the consensus of $0.61.
"As a result of our higher-than-forecasted customer growth, we're increasing our Mobility service revenue guidance to 4.5-5% growth for the full year. We're also decreasing full-year free cash flow guidance to the $14 billion range to reflect heavy investment in growth and working capital impacts related to timing of collections," CEO John Stankey said.
Price Action: T shares traded lower by 3.32% at $19.80 in the premarket on the last check Thursday.
Photo by Tdorante10 via Wikimedia Commons