AT&T (T): An Underperformer That Delivered Mixed Earnings

Schwab Network

English - April 20, 2023 21:48 - 6 minutes - 55.3 MB - ★★★★★ - 23 ratings
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AT&T (T) is running out of headroom when it comes to gaining new customers, notes Jamie Lumley. He and Sandra Cho discuss the takeaways from AT&T (T) earnings as the stock slides after the latest earnings report. Sandra mentions that T's weak free-cash-flow performance is concerning because the stock has been an under-performer for the last couple of years. They go over how T's 1Q customer wireline revenue came in at $3.2B, which is up 2.5% and its 1Q 5G postpaid phone net added 424K. They also compare T to other telecom stocks including Comcast (CMSCA), Dish Network (DISH), T-Mobile (TMUS), and Verizon (VZ). Tune in to find out more about the stock market today.