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AT&T Earnings Beat Estimates. Why the Stock Is the S&P 500’s Worst Performer Today.

April 24, 2023
in Business
Reading Time: 1 min read
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AT&T

revenue and earnings slipped in the first quarter from a year earlier, but the real news was a slowdown in subscriber growth for its postpaid phone plans.

Overall,

AT&T

(ticker: T) reported earnings of 60 cents per share after stripping out certain one-off expenses, slightly higher than the 58 cents predicted. Revenue of $30.1 billion was slightly lower than expectations of $30.2 billion. 

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Tags: 500sATTbeatEarningsEstimatesPerformerstocktodayworst
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