Summary by Moomoo AI
AT&T Inc. reported a slight decrease in operating revenues for the second quarter and first six months of 2024, with figures standing at $29,797 million and $59,825 million respectively, marking a 0.4% year-over-year decline for both periods. The Communications segment experienced a 0.9% drop in operating revenues for the quarter and a 1.0% decrease for the six-month period, primarily due to lower Business Wireline service revenues and Mobility equipment sales. However, Mobility service and Consumer Wireline revenues saw an uptick. The Latin America segment, on the other hand, showed a 14.1% increase in operating revenues for the quarter and a 17.1% rise for the six-month period, driven by subscriber growth and higher ARPU. Operating income for AT&T decreased by 10.1% in the second...Show More