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4/21, 12:31 PM (Source: TeleTrader)
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AT&T-0.10%

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AT&T's revenues at $38.1B in Q1

AT&T Inc. said on Thursday that its revenue in the first quarter of 2022 amounted to $38.1 billion, marking a 13% drop from the same quarter of the previous year but still topping estimates.

Diluted earnings per share (EPS) fell from $1.02 in the first trimester of 2021 to $0.65 this year, but also came in above expectations. Meanwhile, adjusted EPS stood at $0.77. Free cash flow was $0.7 billion.

"We had our best first quarter for postpaid phone net adds in more than a decade and our fiber broadband net adds remain consistently strong. Our results, including free cash flow, are in line with our expectations toward delivering on the full-year guidance provided at our recent Analyst Day," CEO John Stankey stated.

AT&T shares added 0.82% in premarket trading following the release of the results.

Baha Breaking News (BBN) / NP