AT&T Tops Financial Estimates, But Internet Subscriber Growth Falls Short
1. AT&T beat Q2 financial estimates, reporting $0.54 EPS and $30.8B revenue. 2. Added 401,000 postpaid phone customers, exceeding analyst expectations. 3. Internet subscriber growth fell short, adding only 243,000 fiber subscribers. 4. Mobility service revenue growth forecast increased to 3% or more this year. 5. Expected $6.5-$8 billion tax savings to fund pension and fiber expansion.