AT&T Inc. reported its first-quarter financial results for 2024 on April 24, 2024. The company announced a net income attributable to common stock of $3.4 billion, or $0.47 per diluted share, a decrease from $4.2 billion, or $0.57 per diluted share, in the same quarter of the previous year. The earnings included significant items such as restructuring charges related to Open RAN deployment and noncash impairment charges. Operating revenues slightly declined by 0.4 percent to $30.0 billion, influenced by lower Mobility equipment revenue and Business Wireline revenues, while operating expenses saw a marginal increase of 0.2 percent to $24.2 billion. The operating income for the quarter was $5.8 billion, with a margin of 19.5 percent. Cash from operating activities increased to $7.5 billion, and capital expenditures were $3.8 billion. The Communications segment, which...Show More

AT&T Inc. reported its first-quarter financial results for 2024 on April 24, 2024. The company announced a net income attributable to common stock of $3.4 billion, or $0.47 per diluted share, a decrease from $4.2 billion, or $0.57 per diluted share, in the same quarter of the previous year. The earnings included significant items such as restructuring charges related to Open RAN deployment and noncash impairment charges. Operating revenues slightly declined by 0.4 percent to $30.0 billion, influenced by lower Mobility equipment revenue and Business Wireline revenues, while operating expenses saw a marginal increase of 0.2 percent to $24.2 billion. The operating income for the quarter was $5.8 billion, with a margin of 19.5 percent. Cash from operating activities increased to $7.5 billion, and capital expenditures were $3.8 billion. The Communications segment, which includes Mobility, Business Wireline, and Consumer Wireline, reported mixed results with a slight decrease in operating revenues but a stable operating income of $6.7 billion. Mobility revenues were up by 0.1 percent, driven by service revenue growth, and the segment gained 741 thousand wireless subscribers. Consumer Wireline revenues increased by 3.4 percent, attributed to growth in broadband revenues from fiber connections. The Latin America segment saw a 20.4 percent increase in revenues, primarily due to favorable foreign exchange rates and subscriber growth in Mexico.