Apr 24, 10:33 AM

Verizon, AT&T Q1 Earnings: Wireless Revenue Up, AT&T Exceeds Expectations, Adds 389K Customers

Verizon reported higher profits driven by gains in wireless revenue. Meanwhile, AT&T exceeded earnings expectations in Q1 despite a drop in revenue. AT&T added 389,000 wireless postpaid net customers, slightly below estimates, and projects a free cash flow of $17B-$18B for the year.

#Verizon

Written with ChatGPT (GPT-3).

Sources

Bloomberg Technology@technology
2 years ago
AT&T beats analysts’ estimates for profit in the first quarter as it added more wireless phone customers than expected https://t.co/WJ2kQoA1Hr
Bloomberg@business
2 years ago
AT&T beats analysts’ estimates for profit in the first quarter as it added more wireless phone customers than expected https://t.co/0gOgpkuGDi
LiveSquawk@LiveSquawk
2 years ago
$T | AT&T Q1 24 Earnings: - Adj EPS: $0.55 (est 0.53$) - Revenue: $30.03B (est $30.53B) - Wireless Postpaid Net Adds +389,000 (est +415,919) - Sees Year Free Cash Flow $17B-$18B Range - Still Sees Year Adj EPS $2.15-$2.25

Verizon, AT&T Q1 Earnings: Wireless Revenue Up, AT&T Exceeds Expectations, Adds 389K Customers

Sources

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