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AT&T Rises on Solid Earnings and Guidance

AT&T, Inc. (NYSE: T) reported its third quarter financial results after the markets closed on Thursday. The telecom giant had $0.74 in earnings per share (EPS) on $39.1 billion in revenue compared to Thomson Reuters consensus estimates of $0.69 in EPS on $40.42 billion in revenue. In the same period last year AT&T reported $0.63 in EPS on $32.96 billion in revenue.

In terms of guidance the company updated its expectations to put EPS in the range of $2.68 to $2.74 and free cash flow in the $15 billion range or better. There is a consensus estimate of $2.61 in EPS for the 2015 full year.

Operating income totaled $5.9 billion in the third quarter compared to $5.6 billion last year; and...