AT&T Stock Gains On Q3 Performance: EPS Beat, Strong Postpaid Net Adds And More
Portfolio Pulse from Anusuya Lahiri
AT&T Inc reported Q3 FY23 operating revenues of $30.35 billion, up 1% YoY, beating the consensus of $28.69 billion. Adjusted EPS of $0.64 also beat the consensus of $0.59. The results reflected higher Mobility, Mexico, and Consumer Wireline revenues, partly offset by lower Business Wireline revenues. The company raised its full-year free cash flow guidance and expects full-year adjusted EBITDA growth of better than 4%.
October 19, 2023 | 11:41 am
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AT&T reported strong Q3 FY23 results, beating revenue and EPS estimates. The company also raised its full-year free cash flow guidance.
AT&T's strong Q3 FY23 results and raised full-year guidance indicate a positive outlook for the company, which is likely to positively impact the stock price in the short term.
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