AT&T (T) reported Q1 FY2024 earnings of $0.55 per share (versus $0.60 per share in Q1 FY2023), slightly beating analysts’ consensus estimate of $0.54 per share.
The company’s quarterly revenues amounted to $30.028 bln (-0.4% y/y), missing analysts’ consensus estimate of $30.619 bln.
The company also issued in-line guidance for FY2024, seeing EPS of $2.15-2.25 versus analysts’ consensus estimate of $2.22.
T rose to $17.16 (+4.00%) in pre-market trading.