AT&T Inc. (T)
AT&T Inc. (T) Q3 2024 Earnings Call Transcript
AT&T Inc. (NYSE:T ) Q3 2024 Earnings Conference Call October 23, 2024 8:30 AM ET Company Participants Brett Feldman - SVP, Finance & IR John Stankey - CEO Pascal Desroches - CFO Conference Call Participants Simon Flannery - Morgan Stanley John Hodulik - UBS Peter Supino - Wolf Research David Barden - Bank of America Michael Rollins - Citi James Schneider - Goldman Sachs Sebastiano Petti - JPMorgan Kannan Venkateshwar - Barclays Operator Thank you for standing by. Welcome to AT&T's Third Quarter 2024 Earnings Call.
AT&T Drops Heavily Anticipated Results
AT&T Inc.'s Q3 revenue missed expectations, but strong cash flow and subscriber growth, especially in fiber and postpaid, were positive highlights. Operating expenses were lower than expected, leading to an EPS beat at $0.60 per share, surpassing our $0.57-$0.59 estimate. Despite a revenue shortfall, free cash flow was robust, covering dividends comfortably, with a payout ratio of just 41.2%.
Here's What Key Metrics Tell Us About AT&T (T) Q3 Earnings
While the top- and bottom-line numbers for AT&T (T) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
AT&T, Texas Instruments Stock See Post-Earnings Options Pop
Another day, another packed slate of corporate reports.
T's Q3 Earnings Beat, Revenues Miss Despite Wireless Traction
Backed by strong subscriber growth with 5G and fiber focus, AT&T beats third-quarter 2024 earnings estimates.
AT&T Vs. Verizon: Which Big Dividend Stock Wins In A Rate-Cut Market?
Verizon and AT&T, major internet and cellular providers, are compared for yield and total return, with AT&T leading in year-to-date performance amongst my comparative measures. Both companies are considered fixed income proxies, akin to utilities, with potential rate sensitivity that could be intensified or muted depending on the US President's new administration. Verizon wins in dividend comparisons and short-term reflexive patterns, while AT&T excels in free cash flow payout ratio, earnings expectations, and valuation.
AT&T (T) Tops Q3 Earnings Estimates
AT&T (T) came out with quarterly earnings of $0.60 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.64 per share a year ago.
AT&T posts subscriber beat, but stock falls as company takes a big charge
AT&T took a $4.4 billion goodwill impairment charge related to its business-wireline unit, which is under pressure as business customers cut back on legacy voice services.
AT&T exceeds wireless subscriber estimates on demand for pricey unlimited plans
AT&T gained more wireless subscribers than expected in the third quarter, driven by the steady adoption of its higher-tier unlimited plans that come with perks including increased hotspot data.
AT&T Tops Earnings Estimates but Third-Quarter Revenue Slightly Misses
AT&T reports third-quarter revenue of $30.2 billion, just missing Wall Street expectations of $30.4 billion.
Verizon Vs. AT&T: Wireless Giants Brace For Q3 Earnings Face-Off
As Verizon Communications Inc VZ and AT&T Inc T prepare to release their third quarter earnings, the stage is set for a head-to-head clash between the two telecom giants.
AT&T (T) Stock Before Q3 Earnings Release: To Buy or Not to Buy?
By investing in infrastructure and pioneering new technologies, T is well-positioned to enhance the connectivity landscape nationwide.
