AT&T Q1 2024 GAAP EPS $0.47 Misses $0.49 Estimate, Sales $30.028B Miss $30.540B Estimate
Portfolio Pulse from Benzinga Newsdesk
AT&T reported its Q1 2024 earnings with a GAAP EPS of $0.47, missing the estimated $0.49. Sales were reported at $30.028 billion, also missing the estimated $30.540 billion.
April 24, 2024 | 10:27 am
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NEGATIVE IMPACT
AT&T's Q1 2024 earnings report showed a miss on both GAAP EPS and sales estimates, indicating potential challenges in meeting market expectations.
Missing both EPS and sales estimates can lead to negative investor sentiment and potentially lower stock prices in the short term as it indicates that the company is facing challenges in meeting market expectations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100