AT&T Inc. (NYSE:T) reported earnings on April 23. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), AT&T met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly. Non-GAAP earnings per share expanded. GAAP earnings per share grew.
Gross margins increased, operating margins shrank, net margins grew.
AT&AT&T Inc. (NYSE:T) booked revenue of $31.36 billion. The 23 analysts polled by S&P Capital IQ expected a top line of $31.74 billion on the same basis. GAAP reported sales were the same as the prior-year quarter’s.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.64. The 28 earnings estimates compiled by S&P Capital IQ averaged $0.64 per share. Non-GAAP EPS of $0.64 for Q1 were 6.7% higher than the prior-year quarter’s $0.60 per share. GAAP EPS of $0.67 for Q1 were 12% higher than the prior-year quarter’s $0.60 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 60.0%, 60 basis points better than the prior-year quarter. Operating margin was 18.9%, 30 basis points worse than the prior-year quarter. Net margin was 11.8%, 50 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter’s average estimate for revenue is $31.95 billion. On the bottom line, the average EPS estimate is $0.72.
Next year’s average estimate for revenue is $129.04 billion. The average EPS estimate is $2.53.