TREE NEWS update: AT&T now expects full-year adjusted earnings per share of about $2.40, up from its prior range of $2.25 to $2.35, against a market estimate of $2.35. The company still forecasts full-year free cash flow of at least $18 billion versus an $18.12 billion consensus. Third-quarter revenue rose 5.2% year on year to $32.3 billion, beating the $31.7 billion estimate, while adjusted EPS came in at $0.65.
AT&T Raises Full-Year Adjusted EPS Outlook to About $2.40
AI take
The guidance raise is the headline, but the more telling detail is the split between earnings and cash: adjusted EPS is being lifted while the free cash flow floor stays at $18 billion, just shy of consensus. That gap is what separates a genuine operating beat from a mix or accounting effect, and it lands in a quarter where revenue growth of 5.2% cleared estimates comfortably. For telecom and dividend-focused holders, the durability of cash generation matters more than the EPS revision. Whether free cash flow tracks the improved earnings trajectory is the open question.
Generated by AI for reference only.
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