AT&T: Q3 revenues down 5.7%
(CercleFinance.com) - AT&T today announced consolidated revenues of 39.
9 billion dollars for Q3, down 5.7% y-o-y, reflecting the separation of the US video business and lower business wireline revenues.
However, quarterly EBIT came in at 7.1 billion dollars, up from 6.1 billion dollars a year ago, thanks to lower depreciation and amortisation charges, AT&T said.
Q3 net attributable income reached 5.9 billion dollars, or 0.82 dollar per diluted common share (0.87 dollar adjusted), compared with 2.8 billion dollars, or 0.39 dollar per diluted common share (0.76 dollar adjusted) last year.
In all, AT&T said that it is on track to meet its annual targets, expecting high single-digit EPS growth.
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9 billion dollars for Q3, down 5.7% y-o-y, reflecting the separation of the US video business and lower business wireline revenues.
However, quarterly EBIT came in at 7.1 billion dollars, up from 6.1 billion dollars a year ago, thanks to lower depreciation and amortisation charges, AT&T said.
Q3 net attributable income reached 5.9 billion dollars, or 0.82 dollar per diluted common share (0.87 dollar adjusted), compared with 2.8 billion dollars, or 0.39 dollar per diluted common share (0.76 dollar adjusted) last year.
In all, AT&T said that it is on track to meet its annual targets, expecting high single-digit EPS growth.
Copyright (c) 2021 CercleFinance.com. All rights reserved.