Company News: AT&T (T) posts Q3 EPS in line with analysts' estimate

Market news

24 October 2016

Company News: AT&T (T) posts Q3 EPS in line with analysts' estimate

AT&T reported Q3 FY 2016 earnings of $0.74 per share (versus $0.74 in Q3 FY 2015), in-line with analysts' consensus estimate.

The company's quarterly revenues amounted to $40.890 bln (+4.6% y/y), slightly missing analysts' consensus estimate of $41.148 bln.

AT&T also announced that its board of directors has approved a 2.1% increase in the company's quarterly dividend. AT&T's quarterly dividend will increase from $0.48 to $0.49 per share.

T fell to $36.75 (-1.97%) in pre-market trading.

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