Company News: AT&T (T) quarterly earnings beat analysts’ estimate

Market news

22 April 2020

Company News: AT&T (T) quarterly earnings beat analysts’ estimate

AT&T (T) reported Q1 FY 2020 earnings of $0.89 per share (versus $0.86 per share in Q1 FY 2019), beating analysts' consensus estimate of $0.87 per share.

The company's quarterly revenues amounted to $42.779 bln (-4.6% y/y), missing analysts' consensus estimate of $44.750 bln.

The company also withdrew its financial guidance due to the lack of visibility related to COVID-19 pandemic and recovery.

T rose to $30.19 (+1.07%) in pre-market trading.

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