AT&T (T) Tops Q3 EPS by 8c; Sees FY EPS at High-End of Range

AT&T (NYSE: T) reported Q3 EPS of $0.87, $0.08 better than the analyst estimate of $0.79. Revenue for the quarter came in at $39.9 billion versus the consensus estimate of $39.1 billion.

“We continue to execute well in growing customer relationships, and we’re on track to meet our guidance for the year,” said John Stankey, AT&T CEO. “We had our best postpaid phone net add quarter in more than 10 years, our fiber broadband net adds increased sequentially, and HBO Max global subscribers neared 70 million. We also have clear line of sight on reaching the halfway mark by the end of the year of our $6 billion cost-savings goal.”

GUIDANCE:

The company now expects full-year adjusted EPS to be at the high end of the low- to mid-single digit growth range and is on track with its free cash flow14 target of $26 billion range. The company also expects to reach the higher end of the end-of-year HBO Max/HBO global subscriber target of 70-73 million subscribers.

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

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