AT&T beats on free cash flow, while boosting earnings outlook

AT&T Inc. topped free-cash-flow expectations during its latest quarter, and the company is raising its full-year outlook on the closely watched metric.

Free cash flow is of key importance to AT&T T, -1.78% investors given the company’s sizable dividend, and while management has expressed confidence in the 2023 target all year long, Wall Street had been showing a bit more caution, especially earlier in 2023 when AT&T fell short on the metric for the first quarter in a development it owed to misaligned timing expectations.

The company posted net income attributable to common stock of $3.4 billion, or 48 cents a share, down from $6.0 billion, or 79 cents a share, in the year-earlier period. Results from the latest period reflected $600 million in severance charges and an 8-cent per-share negative impact from lower pension credits, among other factors.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Johnson & Johnson's stock climbs after company beats earnings estimates and raises profit guidanceJohnson & Johnson raised its full year EPS guidance and lifted the midpoint of its sales range
Source: MarketWatch - 🏆 3. / 97 Read more »

Abbott Labs shares rise as company beats earnings estimates, raises full-year guidanceEleanor Laise is a healthcare reporter for MarketWatch and is based in Washington.
Source: MarketWatch - 🏆 3. / 97 Read more »

Why The Future Of Generative AI Lies In A Company’s Own DataAlex Ratner is the co-founder and CEO at Snorkel AI, and an Affiliate Assistant Professor of Comput. Sci. at the University of Washington. Read Alexander Ratner's full executive profile here.
Source: ForbesTech - 🏆 318. / 59 Read more »

Tucker Carlson’s Media Company Secures Investment Led By New ‘Anti-Woke’ Firm 1789 CapitalFirm co-founded by Omeed Malik invests in ‘parallel economy’ of conservative-friendly companies
Source: WSJ - 🏆 98. / 63 Read more »

Suzanne Somers struggled with cancer since her 20s on 'Three's Company'Caroline Kee is a reporter for TODAY Digital.
Source: NBCNews - 🏆 10. / 86 Read more »

How Suzanne Somers went from getting fired from 'Three's Company' to ThighMaster fortuneHow Suzanne Somers went from quitting 'Three's Company' over equal pay to cashing in with ThighMaster success
Source: nypost - 🏆 91. / 67 Read more »