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AT&T (T) Tops Q3 EPS by 3c; offers guidance

October 23, 2024 6:40 AM

AT&T (NYSE: T) reported Q3 EPS of $0.60, $0.03 better than the analyst estimate of $0.57. Revenue for the quarter came in at $30.21 billion versus the consensus estimate of $30.45 billion.

GUIDANCE:

AT&T sees FY2024 EPS of $2.15-$2.25, versus the consensus of $2.20.

Wireless service revenue growth in the 3% range.
Broadband revenue growth of 7%+.
Adjusted EBITDA* growth in the 3% range.
Capital investment* in the $21-$22 billion range.
Free cash flow* in the $17-$18 billion range.

The Company continues to expect to achieve net debt-to-adjusted EBITDA* in the 2.5x range in the first half of 2025.
On track to pass 30 million-plus consumer and business locations with fiber by the end of 2025.

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

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Earnings Guidance

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