Company News: AT&T (T) quarterly results beat analysts’ estimates

Market news

22 July 2021

Company News: AT&T (T) quarterly results beat analysts’ estimates

AT&T (T) reported Q2 FY 2021 earnings of $0.89 per share (versus $0.83 per share in Q2 FY 2020), beating analysts’ consensus estimate of $0.79 per share.

The company’s quarterly revenues amounted to $44.045 bln (+7.6% y/y), beating analysts’ consensus estimate of $42.390 bln.

The company also issued upside guidance for FY 2021, projecting adjusted EPS up in low- to mid-single digits, which translates to ~$3.21-3.34, versus analysts’ consensus estimate of $3.14 and revenues growth of 2-3%, which translates to $175.19-176.91 bln, versus analysts’ consensus estimate of $173.93 bln.

T rose to $28.37 (+1.68%) in pre-market trading.

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