AT&T, Inc. (T – Analyst Report) reported its third quarter 2015 earnings results after the closing bell this afternoon. After a 9.52% positive earnings surprise last quarter, AT&T was hoping to continue its recent success.

Recently, AT&T became this biggest player in the US pay-TV market with the acquisition of DIRECTV. The deal should boost earnings and revenues, while also reducing programming costs and increasing efficiency going forward.

AT&T is also investing heavily in its Internet of Things division with strategic partnerships and initiatives. However, the company also faces strong competition from its rivals that have created aggressive pricing plans designed for the iPhone and other smartphones. Also, losses in the company’s Wireline division and new promotional expenses could influence today’s results.

Currently, AT&T sits at a Zacks Rank #3 (Hold), although we could see movement in the rankings following today’s report. We’ve highlighted some of the key figures from the company’s just-released data below:

Earnings: AT&T beat earnings estimates. Adjusted EPS came in at $0.74, beating the Zacks Consensus Estimate of $0.68.

Revenue: Revenue of $39.091 billion missed the Zacks consensus estimate of $40.992 billion, up nearly 19% from third quarter 2014.

Key Stats to Note: Strong cash flows including $10.8 billion in cash from operations and $5.5 billion in free cash flow.

Stock Price: T is up $0.56, or 1.65%, to $34.52 as of 5:18 PM ET in after hours trading shortly after its earnings report was released.

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