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7/23/2020, 1:11 PM (Source: TeleTrader)
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AT&T+0.33%

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Chart for: AT&T Inc

AT&T revenue down 8.9% YoY to $40.95B in Q2

AT&T reported on Thursday that its revenue yearly fell 8.9% to land at $40.95 billion in the second quarter of 2020, exceeding expectations. The company's diluted earnings per share over the same period tumbled 67% to $0.17 from last year's $0.51, while its net loss stood at $1.2 billion versus the $3.7 billion income in the second trimester of 2019.

"Our resilient cash from operations continues to support investments in growth areas, dividend payments, and debt retirement. We are aggressively working opportunities to sharpen our focus, transform our operations, and continue investing in growth areas, with the customer at the center of everything we do," the firm's chief executive officer (CEO) John Stankey said.

AT&T's shares increased by 0.61% in the premarket after the earnings report.

Breaking the News / ND / JR