© Reuters. AT&T Earnings Beat, Revenue Misses In Q1
Investing.com – AT&T reported on Thursday first quarter that beat analysts’ forecasts and revenue that fell short of expectations.
AT&T announced earnings per share of $0.77 on revenue of $38.11B. Analysts polled by Investing.com anticipated EPS of $0.7485 on revenue of $38.25B.
AT&T shares are up 4% from the beginning of the year, still down 24.01% from its 52 week high of $25.57 set on May 17, 2021. They are outperforming the S&P 500 which is down 6.44% from the start of the year.
AT&T follows other major Communication Services sector earnings this month
AT&T’s report follows an earnings beat by Tencent ADR on March 23, who reported EPS of $1.54 on revenue of $22.64B, compared to forecasts EPS of $0.4745 on revenue of $23.04B.
Netflix had beat expectations on Tuesday with first quarter EPS of $3.53 on revenue of $7.87B, compared to forecast for EPS of $2.95 on revenue of $7.94B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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