$AT&T Inc(T)$ Second quarter 2

Second quarter 2022 earnings: EPS exceeds analyst expectations

Second quarter 2022 results:

◈EPS: US$0.60 (up from US$0.21 in 2Q 2021).

◈Revenue: US$29.6b (down 33% from 2Q 2021).

◈Net income: US$4.32b (up 185% from 2Q 2021).

◈Profit margin: 15% (up from 3.4% in 2Q 2021). The increase in margin was driven by lower expenses.

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 11%.

Over the next year, revenue is expected to shrink by 20% compared to a 6.2% decline forecast for the industry in the US.

Over the last 3 years on average, earnings per share has fallen by 11% per year but the company's share price has fallen by 19% per year, which means it is performing significantly worse than earnings.

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Comments

S.B.D
2022-07-30
S.B.D
Very good dividends yield
ElvisMarner
2022-07-31
ElvisMarner
Dude, you can pay more attention to the banking sector, the rate hike is good for it.
EvanHolt
2022-07-26
EvanHolt
Are you bullish on the tech sector in the second half?
MoneyCub
2022-07-23
MoneyCub
Thanks for sharing
djsouljiakmcd
2022-07-23
djsouljiakmcd
Thanks for sharing
hh488
2022-07-23
hh488
Still following T for it's stories.

Leave a comment

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