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00:02AT&T reported higher quarterly revenue driven by growth in its advanced connectivity business
00:08and continued gains in post-paid phone and high-speed internet customers,
00:12according to the Wall Street Journal. AT&T reported adjusted earnings of 57 cents per share
00:17on $31.5 billion in revenue, surpassing analyst estimates of 55 cents per share and $31.25
00:25billion. First quarter earnings from continuing operations were 54 cents per share,
00:31down from 61 cents a year earlier. Revenue rose 2.9% to $31.5 billion, exceeding analyst estimates
00:39of $31.25 billion. Free cash flow declined to $2.5 billion from $3.1 billion due to higher fiber
00:48investment. The company added 294,000 post-paid phone subscribers and 584,000 internet customers.
00:55AT&T maintained full-year guidance of $2.25 to $2.35 in adjusted earnings per share
01:03and reaffirmed plans to return $45 billion to shareholders through 2028 with dividends
01:09and share repurchases. For all things money, visit Benzinga.com.
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