AT&T Q1 EPS $0.47 vs $0.57; revenue $30.0B down 0.4% YoY

AT&T INC.

2024-Q1 EPS reported $0.47 revenue$30,028,000,000

Net income $3.4B, down 18.7%; GAAP EPS $0.47 vs $0.57 YoY; $0.08/share in restructuring and impairment charges.
Operating revenue $30.0B; Mobility service revenue up 3.3%; Business Wireline revenue down 7.8% to $4.9B.
Mobility operating margin 31.4% vs 30.5%; postpaid phone churn improved to 0.72% from 0.81%.
Consumer Wireline broadband revenue up 7.7%; fiber broadband net adds 252k; total broadband connections 13.8M.
Cash from operations $7.5B (up $0.9B); capex $3.8B; debt ratio 52.4% vs 55.9% YoY.

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