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AT&T Earnings Beat, Revenue Misses In Q1 -Breaking


© Reuters. AT&T Earnings Beat, Revenue Misses In Q1 – AT&T reported on Thursday first quarter that beat analysts’ forecasts and revenue that fell short of expectations.

AT&T announced earnings per share of $0.77 on revenue of $38.11B. polled analysts and predicted EPS at $0.7485 for revenue of $38.25B.

AT&T shares are up 4% from the beginning of the year, still down 24.01% from its 52 week high of $25.57 set on May 17, 2021. They are outperforming the S&P 500 which is down 6.44% from the start of the year.

AT&T follows other major Communication Services sector earnings this month

AT&T’s report follows an earnings beat by Tencent ADR on March 23, who reported EPS of $1.54 on revenue of $22.64B, compared to forecasts EPS of $0.4745 on revenue of $23.04B.

Netflix beat all expectations Tuesday, posting a first quarter EPS (EPS) of $3.53 on revenues of $7.87B. This compares to EPS forecasted at $2.95 for revenue of $7.94B.

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