AT&T INC Reports Positive Financial Results for Second Quarter of FY2023

☀️Earnings Overview

AT&T INC ($NYSE:T) released their financial results for the second quarter of FY2023, which ended on June 30 2023. Total revenue for the quarter came in at USD 29.9 billion, a 0.9% increase from the same period in the prior year. Net income also rose to USD 4.5 billion, representing a 7.9% increase year-over-year.

Market Price

The stock opened at $14.9 and closed at $14.9, up by 0.6% from its last closing price of $14.8. This marked the fifth consecutive quarter that AT&T has reported positive financial results. Analysts have attributed the successful quarter to the company’s focus on expanding its portfolio of products and services and improving the customer experience. This investment is expected to improve AT&T’s competitive position in the telecommunications industry.

Overall, AT&T INC’s second quarter results have been encouraging and investors are optimistic about the company’s outlook for FY2023. The company’s strategic investments and focus on customer experience are expected to continue to drive growth moving forward. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for At&t Inc. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for At&t Inc. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for At&t Inc. More…

Key Ratios Snapshot

Some of the financial key ratios for At&t Inc are shown below. More…

Analysis

At GoodWhale, we recently conducted an analysis of AT&T INC‘s wellbeing. We found that based on our Risk Rating, AT&T INC is a medium risk investment in terms of financial and business aspects. We also detected two risk warnings in AT&T INC’s income sheet and balance sheet which may be of interest. If you’d like to find out more, please register on our website at goodwhale.com and take a look. More…

Peers

AT&T Inc is one of the world’s largest telecommunications companies, with a wide range of products and services including wireless, broadband, and television. It competes primarily with Verizon Communications Inc, America Movil SAB de CV, and T-Mobile US Inc. All three companies are leaders in their respective markets and offer a variety of products and services to their customers.

– Verizon Communications Inc ($NYSE:VZ)

Verizon Communications Inc. has a market capitalization of 155.68 billion as of 2022 and a return on equity of 22.51%. The company is a provider of communications, information and entertainment products and services to consumers, businesses and governmental agencies. Verizon operates in four business segments: Wireless, Residential, Business and Verizon Media Group.

– America Movil SAB de CV ($OTCPK:AMXVF)

America Movil is a Mexican telecommunications company that offers wireless voice and data services, as well as fixed-line and pay television, in Mexico and throughout Latin America. The company has a market cap of 52.63B as of 2022 and a Return on Equity of 26.76%. America Movil is one of the largest mobile network operators in the world, with over 260 million subscribers.

– T-Mobile US Inc ($NASDAQ:TMUS)

T-Mobile US Inc is a wireless carrier operating in the United States. The company has a market cap of 170.75 billion as of 2022 and a return on equity of 4.35%. T-Mobile US Inc offers wireless voice, messaging, and data services to customers in the United States. The company operates a nationwide 4G LTE network covering more than 320 million people.

Summary

Investors considering AT&T INC as a potential investment may be pleased to know that the company had a successful second quarter of FY2023, with total revenues increasing 0.9% year-over-year to USD 29.9 billion and net income increasing 7.9% to USD 4.5 billion. The growth in both of these metrics demonstrates the strength of the company’s operations, and indicates that AT&T INC is likely to remain a viable and attractive investment opportunity for the foreseeable future.