Summary by Moomoo AI
AT&T Inc. reported its financial results for the first quarter ended March 31, 2024. The company saw a slight decrease in operating revenues, which totaled $30,028 million, a 0.4% decline from the previous year's $30,139 million. This was primarily due to a drop in Mobility equipment revenue and Business Wireline service revenues, partially offset by increases in Mobility service, Consumer Wireline, and Mexico revenues. Operating expenses were slightly up by 0.2%, totaling $24,181 million. Operating income fell by 2.6% to $5,847 million. Net income attributable to AT&T was $3,445 million, a decrease of 18.5% from the previous year's $4,228 million. The company's Communications segment experienced a 1.0% decrease in operating revenues, while the Latin America segment saw a 20.4% increase. AT&T's Mobility unit reported a 0.1% increase in...Show More