AT&T Q2 Earnings: Strong Wireless Net Adds, Higher Free Cash Flow, Stable Annual Outlook
Portfolio Pulse from Anusuya Lahiri
AT&T reported Q2 2024 earnings with operating revenues of $29.8 billion, slightly missing estimates. Adjusted EPS was in line with expectations. The company saw strong wireless net adds and higher free cash flow. Verizon also reported better-than-expected postpaid phone net additions.
July 24, 2024 | 11:54 am
News sentiment analysis
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POSITIVE IMPACT
AT&T reported Q2 2024 earnings with operating revenues of $29.8 billion, slightly missing estimates. Adjusted EPS was in line with expectations. The company saw strong wireless net adds and higher free cash flow, leading to a 2.86% premarket stock price increase.
Despite missing revenue estimates, AT&T's strong wireless net adds and higher free cash flow are positive indicators. The stock's premarket increase suggests investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Verizon reported better-than-expected postpaid phone net additions of 148 thousand, surpassing forecasts of 118 thousand for the quarter.
Verizon's better-than-expected postpaid phone net additions are a positive sign, likely to boost investor sentiment.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50