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AT&T Earnings beat, Revenue misses In Q1

Published 2022-04-21, 06:34 a/m
© Reuters. AT&T Earnings beat, Revenue misses In Q1

Investing.com - AT&T reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.

AT&T announced earnings per share of $0.77 on revenue of $38.11B. Analysts polled by Investing.com anticipated EPS of $0.7485 on revenue of $38.25B.

AT&T shares are up 4% from the beginning of the year and are trading at $19.43 , down-from-52-week-high.They are outperforming the S&P 500 which is down 6.44% from the start of the year.

AT&T follows other major Communication Services sector earnings this month

AT&T's report follows an earnings beat by Tencent ADR on Wednesday, March 23, 2022, who reported EPS of $1.54 on revenue of $22.64B, compared to forecasts EPS of $0.4745 on revenue of $23.04B.

Netflix had beat expectations on Tuesday with first quarter EPS of $3.53 on revenue of $7.87B, compared to forecast for EPS of $2.95 on revenue of $7.94B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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