AT&T: adjusted EPS falls 8.3% in Q1

(CercleFinance.com) - AT&T has reported Q1 sales of $30bn, down slightly (-0.
4%) y-o-y.

In detail, Mobility was virtually flat (+0.1%), while Business Wireline was down 7.8% and Consumer Wireline up 4.3%.

Adjusted EBITDA was $11bn, up 4.3%

Net income was $3.8bn, vs. $4.5bn twelve months ago, giving adjusted EPS of $0.55, down 8.3%.

AT&T CEO John Stankey says that the company's 'consistent and solid' performance enables him to confirm the consolidated financial guidance for the full year.

For FY 2024, AT&T thus targets around a 3% increase in adjusted EBITDA, with FCF of $7bn to $8bn and adjusted EPS of $2.15 to $2.25.


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