AT&T Non-GAAP EPS of $0.68 Beats By $0.07, Revenue of $30B Beats By $140M, Raises FY22 Guidance
Seeking Alpha2022-10-20
- AT&T Q3 Non-GAAP EPS of $0.68beats by $0.07.
- Revenue of $30B (-4.2% Y/Y)beats by $140M.
- Shares+1.4%PM.
- 708,000 postpaid phone net adds; 2.2 million-plus through the third quarter, expected to be industry best
- 338,000AT&T Fiber net adds, second-best quarter ever; 11 straight quarters with more than 200,000 net adds
- Wireless service revenues up 5.6% — best growth in more than a decade
- Broadband revenues up 6.1% driven by AT&T Fiber revenue growth of more than 30%
- Cash from operating activities from continuing operations of $10.1 billion
- Capital expenditures from continuing operations of $5.9 billion; capital investment* from continuing operations of $6.8 billion
- Free cash flow* from continuing operations of $3.8 billion
- We now expect our adjusted EPS* from continuing operations for the full year to be $2.50 or higher from prior outlook of $2.42-$2.46 vs. $2.55 consensus
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