AT&T Inc. (T), a Dallas-based giant in the telecommunications world, has been shaping connectivity since its incorporation in 1983. With a market cap of $157.1 billion, AT&T remains at the forefront of providing internet services and broadband access. Known for its broad spectrum of offerings, including Cricket, AT&T Fiber, and AT&T Business, it is a key player in keeping people connected - whether through smartphone plans or prepaid options. The company is set to release its Q3 2024 earnings before the market opens on Wednesday, Oct. 23.
Ahead of the event, analysts expect AT&T to report a profit of $0.59 per share, down 7.8% from $0.64 per share reported in the year-ago quarter. The company has surpassed Wall Street’s EPS estimates in two of the previous four quarters while missing on two other occasions. Its adjusted EPS for the last reported quarter declined 9.5% year over year to $0.57, missing the consensus estimates by 1.7%.
