- Company News: AT&T (T) posts quarterly earnings in line with analysts' estimate
Market news
28 October 2019
Company News: AT&T (T) posts quarterly earnings in line with analysts' estimate
AT&T (T) reported Q3 FY 2019 earnings of $0.94 per share (versus $0.90 in Q3 FY 2018), being in line with analysts’ consensus estimate.
The company’s quarterly revenues amounted to $44.588 bln (-2.5% y/y), missing analysts’ consensus estimate of $45.449 bln.
The company also issued upside guidance for FY 2019, projecting EPS of $3.60-3.70 versus analysts’ consensus estimate of $3.58 and revenue of ~$184-186 bln (+1-2% y/y) versus analysts’ consensus estimate of $182.45 bln.
T rose to $37.15 (+0.65%) in pre-market trading.
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