AT&T Q3 Adj $0.64 Beats $0.59 Estimate
Portfolio Pulse from Benzinga Newsdesk
AT&T (NYSE:T) reported Q3 earnings of $0.64 per share, beating the analyst consensus estimate of $0.59 by 8.47%. However, this is a 5.88% decrease from the same period last year. The company also reported quarterly sales of $30.35 billion, surpassing the analyst consensus estimate of $28.69 billion by 5.79%, and marking a 1.02% increase from the same period last year.
October 19, 2023 | 10:47 am
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NEUTRAL IMPACT
AT&T's Q3 earnings and sales beat analyst estimates, but earnings per share decreased compared to last year. This mixed result could lead to uncertain market reactions.
AT&T's earnings beat estimates, which is generally positive for the stock. However, the decrease in earnings per share compared to last year might concern some investors, leading to a potentially mixed market reaction.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100