AT&T reports Q2 adjusted EPS 54c, consensus 53c

Reports Q2 revenue $30.8B, consensus $30.46B. Reports 401,000 postpaid phone net adds in Q2 with postpaid phone churn of 0.87%. “We are winning in a highly competitive marketplace, with the nation’s largest wireless and fiber networks. Customers are increasingly choosing AT&T because we have the best technology and options for wireless and broadband connectivity, backed by the AT&T Guarantee,” said John Stankey, AT&T chairman and CEO. “The milestones achieved this quarter – from passing more than 30 million customer locations with fiber and eclipsing 1 million total AT&T Internet Air customers, to our agreement to acquire substantially all of Lumen’s Mass Markets fiber business – strengthen the industry’s best and leading connectivity portfolio.”