AT&T Q3 Adj. EPS Meets Estimates, Revenues Top
India, Oct. 22 -- Telecom giant AT&T, Inc. (T) reported Thursday a 24 percent decline in profit for the third quarter, primarily hurt by lower revenues across all its operating segments amid the impact from COVID-19 pandemic.
Adjusted earnings for the quarter met analysts' expectations, while quarterly revenues topped their estimates.
"We delivered a solid quarter with good subscriber momentum in our market focus areas of connectivity and software-based entertainment," said John Stankey, AT&T chief executive officer.
For the third quarter, net income attributable to AT&T was $2.82 billion or $0.39 per share, lower than $3.70 billion or $0.50 per share in the year-ago quarter.
Results for the latest quarter include $0.21 per share of i...
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