AT&T shrugs off T-Mobile as earnings top expectations

FAQs

1. What were the earnings of AT&T in the first quarter?

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   • AT&T posted a quarterly profit of $3.7 billion, or 70 cents a share.

2. What was the revenue of AT&T in the first quarter?

   You are watching: AT&T shrugs off T-Mobile as earnings top expectations

   • Revenue rose 3.6 percent, to $32.5 billion.

3. How many wireless customers did AT&T add in the first quarter?

   • AT&T added more than 1 million wireless customers in the period.

4. How many post-paid subscribers did AT&T add in the first quarter?

   • AT&T added 625,000 post-paid subscribers in the first quarter.

5. How many contract customers did AT&T add in the first quarter?

   • AT&T added 311,000 contract customers in the first quarter.

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   How many tablet customers did AT&T add in the first quarter?

   • AT&T added 313,000 tablet customers in the first quarter.

7. How many connected devices did AT&T add in the first quarter?

   • AT&T added 693,000 connected devices in the first quarter.

8. How many U-Verse TV customers did AT&T add in the first quarter?

   • AT&T added 201,000 U-Verse TV customers in the first quarter.

9. How many U-Verse Internet customers did AT&T add in the first quarter?

   • AT&T added 634,000 U-Verse Internet customers in the first quarter.

10. What does AT&T expect its revenue growth to be for the year?

    • AT&T expects consolidate revenue growth of 4 percent for the year.

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    What does AT&T expect its free cash flow to be for the year?

    • AT&T expects free cash flow in the $11 billion range.

12. What does AT&T plan to invest in capital expenditures for the year?

    • AT&T plans to invest $21 billion in capital expenditures.

Summary

In the face of heightened competition, AT&T reported stable earnings in the first quarter. Amidst T-Mobile’s aggressive subscriber acquisition campaign, AT&T gained over a million wireless customers, including 625,000 lucrative post-paid subscribers, while maintaining its financial performance.

AT&T’s ability to retain profitability during customer growth suggests a shift towards its Next installment plan, where customers purchase devices directly. The company further expanded its connected device market by adding 693,000 devices. On the home wireline side, AT&T saw growth in U-Verse TV and Internet, offsetting losses in its traditional DSL business.

Despite a slowdown in its smartphone business, AT&T expects revenue growth of 4 percent for the year, driven by diverse revenue streams. The company plans to invest $21 billion in capital expenditures, signaling its commitment to future growth and innovation.

To stay up-to-date on AT&T’s progress and industry trends, visit our website for the latest news and insights.

Source: https://anytimesoftcare.com
Category: Internet