AT&T (T) Reports In-Line Q1 EPS, Updates FY17 Guidance

AT&T (NYSE: T) reported Q1 EPS of $0.74, in-line with the analyst estimate of $0.74. Revenue for the quarter came in at $39.4 billion versus the consensus estimate of $40.57 billion.

Updated 2017 Outlook

The company is updating its 2017 guidance. On a business as usual basis without the impact of Time Warner, AT&T expects:

• Adjusted EPS growth in the mid-single digit range
• Adjusted operating margin expansion
• Capital expenditures in the $22 billion range
• Free cash flow in the $18 billion range

The company is no longer providing consolidated revenue guidance primarily due to the unpredictability of wireless handset sales.

For earnings history and earnings-related data on AT&T (T) click here.

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