AT&T (T -0.2%) is up 1.2% now in choppy early postmarket action after reporting Q1 earnings that met profit expectations but recorded a billion-dollar miss on revenues.
Consolidated revenues slipped 2.8% on "record-low equipment sales" in wireless. EPS fell on a headline basis, but adjusted EPS grew to $0.74 (in line) from a year-ago $0.72.
Cash from operations was $9.2B; free cash flow came to $3.2B.
Revenues by segment: Business Solutions, $16.85B (down 4.3%); Entertainment Group, $12.6B (down 0.3%); Consumer Mobility, $7.74B (down 7.1%); International, $1.9B (up 15.7%).
It added 2.7M net wireless customers: 2.1M in the U.S. and 633,000 in Mexico. Postpaid phone churn hit a best ever 0.9% in the U.S., while overall wireless postpaid churn was 1.12% including tablet churn.
Consolidated revenues slipped 2.8% on "record-low equipment sales" in wireless. EPS fell on a headline basis, but adjusted EPS grew to $0.74 (in line) from a year-ago $0.72.
Cash from operations was $9.2B; free cash flow came to $3.2B.
Revenues by segment: Business Solutions, $16.85B (down 4.3%); Entertainment Group, $12.6B (down 0.3%); Consumer Mobility, $7.74B (down 7.1%); International, $1.9B (up 15.7%).
It added 2.7M net wireless customers: 2.1M in the U.S. and 633,000 in Mexico. Postpaid phone churn hit a best ever 0.9% in the U.S., while overall wireless postpaid churn was 1.12% including tablet churn.