TECH - AT&T's Q1 Operating Cash Flow and Free Cash Flow Got A Boost - Does It Make A Case For Higher Dividends? | Benzinga
AT&T Inc. (NYSE:T) reported fiscal first-quarter 2024 operating revenues of $30.03 billion, down 0.4% year over year and missing the consensus of $30.54 billion.
Adjusted EPS of $0.55 beat the consensus of $0.54. The stock price gained after the print.
The results reflected declines in Mobility equipment revenues, driven mainly by lower sales volumes and lower Business Wireline revenues.
Also Read: Verizon’s Q1: Flat Revenue, Bump In Free Cash Flow And Stable 2024 Outlook
In the Mobility segment, AT&T clocked 741 thousand million wireless net adds, including 349 thousand postpaid phone net adds.
AT&T’s Mobility segment saw a Postpaid churn of 0.89%, versus 0.99% year-ago. The Consumer Wireline segment had 252 thousand AT&T Fiber net adds.
AT&T’s adjusted EBITDA of $11.0 billion was up from $10.6 billion a year ago. It spent $3.8 billion on Capex.
The company generated $7.54 ...