Wednesday, July 24, 2019

AT&T (T) Reports 2Q'02019 Results

AT&T reported 2nd-quarter 02019 results and I liked them.

From the press release.
"Cash from operating activities was $14.3 billion, and capital expenditures were $5.5 billion. Capital investment – which consists of capital expenditures plus cash payments for vendor financing – totaled $6.5 billion, which includes about $1.0 billion of cash payments for vendor financing. Free cash flow — cash from operating activities minus capital expenditures — was a record $8.8 billion for the quarter."
$8.8 billion free cash flow seems like a decent flow of cash.

AT&T closed yesterday (23 July 02019) at $32.09. So far today, at 8:50am MST, intra-day high has been $33.39. Current 52-week high is $34.37.

1 comment:

  1. Good day for T. Via Yahoo! Finance: 33.24 +1.15 (+3.57%) At close: 3:59PM EDT