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AT&T raises cash flow target after drop in Q2 earnings

2019-07-24 12:57:00| Telecompaper Headlines

(Telecompaper) AT&T has raised its target for free cash flow this year, supported by better working capital management, after reporting a record amount of USD 8.8 billion in the second quarter. Net earnings fell to USD 0.51 per share in Q2 from USD 0.81 a year earlier and also declined on an adjusted basis, due to a number of one-time items. The US operator said it still expects a low single-digit rise in full-year adjusted earnings. 

Tags: cash target flow drop

Category:Telecommunications

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