AT&T Reports Q1 2016 Earnings: $40.5 Billion in Revenue, Adds 2.3 Million Wireless Customers



AT&T has reported its earnings for the fourth fiscal quarter of 2015, noting a sizable bump in revenues to $40.5 billion along with 2.3 million net wireless adds

AT&T has reported its earnings for the fourth fiscal quarter of 2015, noting a sizable bump in revenues to $40.5 billion along with 2.3 million net wireless adds

 AT&T says that it added 2.3 million customers in North America, with 1.8 million added from the U.S. and 529,000 from Mexico. It also stated that it had 712,000 branded (postpaid and prepaid) phone net adds for the quarter as well. Postpaid churn for the quarter was 1.10% with a total churn of 1.42%.

The entire company, including wireless, brought in $40.5 billion on a consolidated basis. That is up 24% year-over-year. First quarter earnings amounted to 72 cents per share. Analysts had expected revenue to hit $40.46 billion, with earnings of 69 cents per share.


Shares of AT&T were trading at $38.10 on Tuesday, with a consensus analyst price target of $39.36 and a 52-week trading range of $30.97 to $39.72.
source: AT&T