AT&T Free Cash Flow For Q2 Is Expected To Be In $3.5B-$4B Range; Remains On Track To Deliver FY Free Cash Flow Of $16B; In Wireless, Co Is Tracking To Slightly Above 300,000 Q2 Postpaid Phone Net Additions; Co's Subscriber Porting Trends Have Normalized
Portfolio Pulse from Happy Mohamed
AT&T expects Q2 free cash flow to be in the $3.5B-$4B range and remains on track to deliver FY free cash flow of $16B. In wireless, the company is tracking to slightly above 300,000 Q2 postpaid phone net additions, and subscriber porting trends have normalized.
June 20, 2023 | 1:32 pm
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AT&T's Q2 free cash flow is expected to be between $3.5B-$4B, with FY free cash flow on track for $16B. The company is tracking above 300,000 Q2 postpaid phone net additions.
AT&T's expected Q2 free cash flow and FY free cash flow, along with the positive wireless postpaid phone net additions, indicate a strong financial performance. This is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100