AT&T's Q3 Earnings Mostly Flat from Last Year; Profit Beats, Revenue Misses (T)

AT&T’s Q3 Earnings Mostly Flat from Last Year; Profit Beats, Revenue Misses (T)


Telecom giant AT&T Inc. (T) on Wednesday posted mixed third quarter earnings results, as both profit and revenue were just about unchanged.

The Dallas-based company reported third quarter net income of $3.64 billion, or 63 cents per share, compared with $3.62 billion, or 61 cents per share, in the year-ago period. Excluding special items, adjusted profit was 62 cents per share.

Revenue was flat from last year at $31.46 billion.

On average, Wall Street analysts expected a smaller profit of 60 cents per share, albeit on higher revenue of $31.59 billion.

On a positive note, T said it now expects full-year free cash flow of at least $18 billion for 2012, up from a previous view of about $16 billion.

AT&T shares were unchanged in premarket trading Wednesday.

The Bottom Line
We have been recommending shares of AT&T (T) since Mar.12, 2009, when the stock was trading at $23.35. The company has a 5.03% dividend yield, based on last night’s closing stock price of $35.00.

AT&T Inc. (T) is a “Recommended” dividend stock, holding a DARS™ Rating of 3.5 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Free Updates

Join over 100,000 investors who get the latest news from

Best Dividend Stocks

Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the:

Best Dividend Stocks

Partner Center

Best CD Rates

Sitting on some extra cash and looking for the most current and profitable CD Rates?

Get The Best CD Rates

14 Day Free Trial

Earn more from your dividend portfolio within the next 14 days.

Sign Up Today