AT&T beats by $0.06, reports revs in-line
- Reports Q2 (Jun) earnings of $0.69 per share, excluding non-recurring items, $0.06 better than the Capital IQ Consensus Estimate of $0.63; revenues rose 1.4% year/year to $33.02 bln vs the $33.04 bln consensus.
Wireless: 2.1 million net adds including 410,000 postpaid, 331,000 prepaid and 1 million connected cars.
Strong churn levels with continued low wireless postpaid churn of 1.01 percent and total churn of 1.31%.