AT&T Q2 Earnings: Revenue and EPS Beat, Margin Growth, Confidence in FY23 Outlook and More
Portfolio Pulse from Anusuya Lahiri
AT&T Inc (NYSE:T) reported Q2 FY23 operating revenues of $29.9 billion, up 0.9% YoY, slightly beating the consensus of $29.9 billion. Adjusted EPS of $0.63 also beat the consensus of $0.54. The company saw higher Mobility, Mexico, and Consumer Wireline revenues, offset by lower Business Wireline revenues. AT&T's adjusted EBITDA of $11.05 billion was up from $10.33 billion a year ago. The company remains confident in its FY23 guidance and expects to grow wireless service revenue by 4% or higher and Broadband revenue growth by 5% or higher.
July 26, 2023 | 11:32 am
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POSITIVE IMPACT
AT&T reported better than expected Q2 FY23 results, with revenues and EPS beating consensus. The company remains confident in its FY23 outlook, expecting growth in wireless service and broadband revenues.
AT&T's better than expected Q2 FY23 results and positive FY23 outlook are likely to boost investor confidence and could lead to a short-term increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100