earnings
confidence high
sentiment negative
materiality 0.80
AT&T posts Q3 GAAP net loss of $226M on $4.4B impairment; adj. EPS $0.60
AT&T INC.
2024-Q3 EPS reported
$0.93
revenue$90,038,000,000
- Revenue $30.2B flat YoY; GAAP diluted EPS $(0.03) vs $0.48; adjusted EPS $0.60.
- Recorded $4.4B in asset impairments and abandonments, driving the GAAP loss.
- Postpaid phone net adds 403K; postpaid phone churn 0.78%, expected industry-leading.
- Mobility service revenue up 4.0% to $16.5B; AT&T Fiber net adds 226K (19th straight quarter >200K).
- Free cash flow $5.1B, down $0.1B YoY; company reaffirms full-year 2024 guidance.