July 24, 2024 - $AT&T (T.US)$ shares increased 4.06% to $18.95 in trading on Wednesday.
AT&T has reported its financial results for the second quarter of 2024. Meanwhile, the company reiterates all full-year 2024 financial guidance.
Second-Quarter Consolidated Results
• Revenues of $29.8 billion
• Diluted EPS of $0.49; adjusted EPS of $0.57
• Operating income of $5.8 billion; adjusted operating income of $6.3 billion
• Net income of $3.9 billion; adjusted EBITDA of $11.3 billion
• Cash from operating activities of $9.1 billion, down $0.8 billion year over year
• Capital expenditures of $4.4 billion; capital investment of $4.9 billion
• Free cash flow of $4.6 billion, up $0.4 billion year over year
Second-Quarter Highlights
• 419,000 postpaid phone net adds with an expected industry-leading postpaid phone churn of 0.70%
• Mobility service revenues of $16.3 billion, up 3.4% year over year
• 239,000 AT&T Fiber net adds; 200,000+ net adds for 18 consecutive quarters
• Consumer broadband revenues of $2.7 billion, up 7.0% year over year
• 27.8 million consumer and business locations passed with fiber
2024 Outlook
