AT&T (NYSE:T) reports $30B revenue amid booming cash flow

AT&T (NYSE:T) has released its financial results for the first quarter of 2024, maintaining a steady performance with revenues holding at $30 billion, mirroring figures from the previous year.

The Dallas-based telecommunications leader announced a diluted earnings per share (EPS) of $0.47, with an adjusted EPS of $0.55.

The company also reported an operating income of $5.8 billion, an adjusted figure of $6 billion, and a net income of $3.8 billion.

Additionally, the adjusted EBITDA stood at $11 billion.

A notable financial highlight was the significant increase in cash from operating activities, which climbed by $0.9 billion to $7.5 billion.

Free cash flow also saw a substantial rise, surging by $2.1 billion to reach $3.1 billion.

AT&T's CEO, John Stankey, commented on the quarterly achievements, particularly praising the sustained growth in the company’s Mobility and Consumer Wireline divisions, which now account for approximately 80% of total revenues.

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Comments

SiongZ
04-24
SiongZ
The CEO highlighted the growth in the Mobility and Consumer Wireline divisions.
PageDickens
04-24
PageDickens
Great job, you really nailed it in this article! 💪👍
VernaFred
04-24
VernaFred
Wow, your content is superb!

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The Dallas-based telecommunications leader announced a diluted earnings per share (EPS) of $0.47, with an adjusted EPS of $0.55. The company also reported an operating income of $5.8 billion, an adjusted figure of $6 billion, and a net income of $3.8 billion. Additionally, the adjusted EBITDA stood at $11 billion. A notable financial highlight was the significant increase in cash from operating activities, which climbed by $0.9 billion to $7.5 billion. Free cash flow also saw a substantial rise, surging by $2.1 billion to reach $3.1 billion. AT&T's CEO, John Stankey, commented on the quarterly achievements, particularly praising the sustained growth in the company’s Mobility and Consumer Wireline divisions, which now account for approximately 80% of total revenues. 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