AT&T Beats on Earnings, but Revenues Fall Short

Photo of Trey Thoelcke
By Trey Thoelcke Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

AT&T Inc. (NYSE: T) reported this morning that its second-quarter profit came in at $3.9 billion, or $0.66 per share. That is up from from $3.59 billion, or $0.60 per share, in the same period of last year. Revenue increased to $31.58 billion from $31.50 billion a year ago.

While earnings topped the consensus estimates, revenues fell short. Analysts were looking for $31.7 billion.

The nation’s biggest phone company attributed better-than-expected bottom line results to record wireless margins and solid data growth.

“We executed well across the business and posted another strong quarter with growing revenues, expanding margins and double-digit earnings growth,” said AT&T CEO Randall Stephenson in a statement.

The company also said it activated 3.7 million Apple (NASDAQ: AAPL) iPhones during the quarter, with 22% new to AT&T. However, that was down from 4.3 million iPhones during the first quarter. Rival Verizon Communications (NYSE: VZ) activated 2.7 million iPhones during its own second quarter. Verizon reported a 12% rise in profit in last week’s quarterly report.

AT&T is up about 0.2% to $35.46 in premarket trading, in a 52-week range of $27.29 to $36.21. Nike has inched up about 0.1% to $44.42 in premarket trading. Its 52-week range is $32.28 to $46.41.

Photo of Trey Thoelcke
About the Author Trey Thoelcke →

Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.

Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community. He previously oversaw the 24/7 Climate Insights site, managing editorial operations and content strategy, and currently oversees and creates content for My Investing News.

Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.

Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618