AT&T (T) Misses Q3 EPS by 1c

AT&T (NYSE: T) reported Q3 EPS of $0.74, $0.01 worse than the analyst estimate of $0.75. Revenue for the quarter came in at $40.9 billion versus the consensus estimate of $41.14 billion.

HIGHLIGHTS:

• 2.3 million wireless net adds driven by connected devices, Mexico and Cricket
• U.S. wireless postpaid churn of 1.05%, down 11 basis points year over year
• U.S. wireless operating margin of 29.6%; best-ever U.S. wireless service EBITDA margin of 50.1%
• 700,000 branded smartphones added to U.S. subscriber base
• 323,000 U.S. DIRECTV net adds with TV subscriber base stable
  • More than 1.2 million U.S. DIRECTV net adds since acquisition
• 171,000 IP broadband net adds
• More than 390 million North American 4G LTE POPs
• Year-to-date cash from operations of $29.2 billion; free cash flow $13.3 billion year to date
• Full-year guidance on track to meet or exceed expectations

For earnings history and earnings-related data on AT&T (T) click here.

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