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AT&T grows Q2 results on DirecTV expansion
2016-07-22 07:01:00| Telecompaper Headlines
(Telecompaper) AT&T reported second-quarter revenues up 22 percent year-on-year to USD 40.5 billion, helped by its takeover of DirecTV a year ago. Operating profit rose to USD 6.6 billion from USD 5.8 billion, and the adjusted operating margin improved 30 basis points to 20.1 percent. Net profit increased to USD 3.4 billion or USD 0.55 per diluted share, compared to USD 3.1 billion or USD 0.59 per share in the year-ago quarter. Adjusting for USD 0.17 of amortization, merger- and integration-related costs and other expenses, EPS rose to USD 0.72 from USD 0.70. Cash from operating activities was USD 10.3 billion in the second quarter, and capital investment1 totaled USD 5.6 billion. Free cash flow cash from operating activities minus capital expenditures was USD 4.8 billion, up 8.4 percent year over year.
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Category:Telecommunications