10/20/2022, 12:34 PM (Source: TeleTrader)
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AT&T's third-quarter revenues total $30 billion

AT&T Inc. said on Thursday that its revenue in the third quarter of 2022 amounted to $30 billion, slightly exceeding estimates.

The company's diluted earnings per share (EPS) from continuing operations came in at $0.792, while cash from operating activities from continuing operations was $10.1 billion. AT&T's free cash flow reached $3.8 billion.

"We're investing at record levels to enhance our 5G and fiber connectivity and to deliver the best experience available in the market," said John Stankey, AT&T CEO. "Our results show our strategy is resonating with customers as we continue to see robust levels of postpaid phone net adds and approach 1 million AT&T Fiber net adds for the year."

Immediately after the publication of the report, the shares of AT&T went up by 2.12% to sell for $15.87.

Baha Breaking News (BBN) / JG