Shares of AT&T (NYSE: T) fell in pre-market trading on Thursday after the telecommunication giant reported Q1 revenues of $30.1 billion, an increase of 1.4% year-over-year but fell short of analysts’ expectations of $30.2 billion.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Adjusted earnings in Q1 came in at $0.60 per share versus $0.63 in the same period last year surpassing consensus estimates of $0.58 per share.
Overall, Wall Street analysts are cautiously optimistic about AT&T with a Moderate Buy consensus rating based on three Buys and eight Holds.
