(News Bulletin 247) – Revenues totaled $30.1 billion in the first quarter of 2023, compared to $29.7 billion in the same quarter a year earlier, up 1.4%.
Operating expenses were $24.1 billion versus $24.2 billion a year earlier.
Operating profit was $6.0 billion. It was $5.5 billion in the same quarter last year.
Profit from continuing operations was $4.5 billion, versus $5.1 billion. Earnings per diluted common share from continuing operations were $0.57, compared to $0.65. Adjusted EPS from continuing operations was $0.60, compared to $0.63 last year.
“Our teams are proud to connect more people to greater possibilities through 5G and fiber,” said John Stankey, CEO of AT&T. ‘The work we are doing today is laying the foundation for long-term sustainable growth, and we remain confident in our guidance for the full year. ‘
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