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.