AT&T Q3 Earnings: Strong Postpaid Phone Adds, Adj. EBITDA Growth, $4.4B Impairment Charge And More
Portfolio Pulse from Anusuya Lahiri
AT&T reported Q3 2024 earnings with operating revenues of $30.21 billion, slightly below estimates. Adjusted EPS beat expectations, and the stock rose. The company added 403,000 postpaid phone net adds, surpassing consensus. However, a $4.4 billion impairment charge impacted net income. AT&T maintained its FY24 outlook.
October 23, 2024 | 12:05 pm
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POSITIVE IMPACT
AT&T's Q3 earnings showed a slight revenue miss but an EPS beat, leading to a stock price increase. Strong postpaid phone adds and maintained FY24 outlook are positive, but a $4.4 billion impairment charge affected net income.
AT&T's earnings report showed mixed results with a slight revenue miss but an EPS beat, which is generally positive for the stock. The strong postpaid phone adds and maintained FY24 outlook are encouraging for investors. However, the $4.4 billion impairment charge is a significant negative factor, but the market's positive reaction suggests that investors are focusing on the EPS beat and strong subscriber growth.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100