Form 8-K AT&T INC. For: Jul 23

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Go back to Form 8-K AT&T INC. For: Jul 23

AT&T (T) Tops Q2 EPS by 4c, Revenues Miss Slightly

July 23, 2020 7:05 AM EDT

AT&T (NYSE: T) reported Q2 EPS of $0.83, $0.04 better than the analyst estimate of $0.79. Revenue for the quarter came in at $40.95 billion versus the consensus estimate of $41.1 billion.

Diluted EPS of $0.17 as reported compared to $0.51 in the year-ago quarterAdjusted EPS of $0.83 compared to $0.89 in the year-ago quarter (did not adjust for COVID-19 impacts: ($0.03) of incremental costs and ($0.06) of estimated revenues)Cash from operations of $12.1 billionCapital expenditures of $4.5 billion; purchased additional $1 billion in new spectrum for 5GFree cash flow of $7.6 billion; total dividend payout ratio of 49%1Consolidated revenues of... More