Monday, October 28, 2019

AT&T Q3 Profit Tops Estimates; Announces 3-Year Guidance, Capital Allocation

AT&T Inc. (T) reported third-quarter adjusted earnings per share of $0.94 compared to $0.90, a year ago. On average, 22 analysts polled by Thomson Reuters expected the company to report profit per share of $0.93, for the quarter. Analysts' estimates typically exclude special items. Third-quarter operating income was $7.9 billion compared to $7.3 billion, prior year. Adjusted operating income declined to $9.9 billion from $10.0 billion, and adjusted operating income margin was 22.2 percent compared to 21.9 percent.

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