AT&T (T) Marginally Beats On Q1 Earnings, Misses On Revenues
Zacks Investment Research | Apr 23, 2019 10:05PM ET
AT&T Inc. (NYSE:T) reported strong first-quarter 2019 results driven by solid domestic wireless business and incremental contribution from WarnerMedia assets. The company expects to continue this healthy growth momentum in 2019, while focusing on reducing its huge debt burden.
Net Income
On a GAAP basis, AT&T reported net income of $4,096 million or 56 cents per share compared with $4,662 million or 75 cents per share in the year-ago quarter. The year-over-year decline in earnings despite healthy top-line growth was primarily attributable to higher operating costs and merger and integration-related expenses.
Excluding non-recurring items, adjusted earnings for the quarter were 86 cents per share compared with 85 cents in the year-earlier quarter, and beat the Zacks Consensus Estimate by a penny.
AT&T Inc. Price, Consensus and EPS Surprise
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