AT&T (NYSE:T) reported its Q2 results today. The company posted an EPS of $0.63, which was higher than the Street estimate of $0.60. However, the revenue for the quarter was $29.92 billion, slightly missing the Street estimate of $30.01 billion.
Despite the revenue miss, AT&T’s mobility revenue still showed growth, rising 2% year-over-year to reach $20.3 billion. However, this figure was below the market’s expectations of $20.45 billion. The company also generated $4.2 billion in free cash flow during the second quarter.
AT&T’s CEO, John Stankey, conveyed optimism regarding the company’s path and progress. He highlighted the growth in mobility service and broadband revenues compared to the previous year, along with an increase in adjusted EBITDA, free cash flow, and margins in the mobility and consumer wireline segments. Moreover, there was a noticeable rise in customer lifetime values.