Investing.com - AT&T (NYSE:T) reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
AT&T announced earnings per share of $0.84 on revenue of $42.78B. Analysts polled by Investing.com anticipated EPS of $0.85 on revenue of $44.33B. That with comparison to EPS of $0.86 on revenue of $44.83B in the same period a year before.AT&T had reported EPS of $0.89 on revenue of $46.82B in the previous quarter.Analysts are expecting EPS of $0.84 and revenue of $43B in the upcoming quarter.
AT&T shares are down 23% from the beginning of the year and are trading at $29.87 , down-from-52-week-high.They are under-performing the S&P 500 which is down 15.66% year to date.
AT&T follows other major Services sector earnings this month
AT&T's report follows an earnings missed by Netflix on Tuesday, who reported EPS of $1.57 on revenue of $5.77B, compared to forecasts EPS of $1.63 on revenue of $5.74B.
McDonald’s had beat expectations on Wednesday, January 29, 2020 with fourth quarter EPS of $1.97 on revenue of $5.35B, compared to forecast for EPS of $1.96 on revenue of $5.31B.
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