AT&T’s second-quarter revenue
In the previous article, we learned about analysts’ expectations for AT&T’s (T) second-quarter earnings. Now let’s take a look at the telecommunications company’s expected total revenue growth.
Wall Street analysts expect AT&T’s total revenue to fall ~1.3% YoY (year-over-year) to ~$39.3 billion in the second quarter.
In the first quarter, AT&T reported total revenue of $38.0 billion, below analysts’ consensus estimate of $39.3 billion. Its first-quarter revenue fell ~3.4% YoY from $39.4 billion in the first quarter of 2017.
AT&T is currently struggling in its core phone carrier business, and its merger with Time Warner is expected to offer it new growth opportunities.
In the first quarter, Verizon’s (VZ) total revenue rose ~6.6% YoY to reach $31.8 billion, whereas T-Mobile’s (TMUS) total revenue rose ~8.8% YoY to reach $10.5 billion. Meanwhile, Sprint’s (S) total revenue fell ~5.3% YoY to reach $8.1 billion in its fiscal fourth quarter of 2017.
In the next article, we’ll take a look at how much combined domestic wireless operations EBITDA growth we can expect from AT&T in the second quarter.