7/21, 12:32 PM (Source: TeleTrader)
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Chart for: AT&T Inc

AT&T's Q2 revenue down 17% YoY to $29.6B

AT&T announced on Thursday that its revenue for the second quarter of the year reached $29.6 billion, slightly exceeding analysts' expectations, the company's latest data read. However, the data showed a decrease of 17% compared to the same quarter last year.

Diluted earnings per share (EPS) stood at $0.59, while the adjusted EPS reached $0.65. Operating income saw a decline this quarter, falling by 34% year-on-year to reach $5 billion.

The American telecommunications company noted it has reached its ''end-of-year target of covering 70 million people with mid-band 5G spectrum'' and plans to approach 100 million people by the end of the year due to its ''record levels of customer additions,'' the report explained.

The company's shares declined 0.15% in premarket trading today following the release of the report.

Baha Breaking News (BBN) / MM