Verizon, AT&T Announce Earnings Amid 5G Battle
newscatcher
2021-04-22 21:30
Verizon, AT&T Announce Earnings Amid 5G Battle
Both AT&T and Verizon released Q1 earnings this week, and even though both reported financial success, the earnings calls highlighted a difference between the two telecom giants in consideration of their 5G rollouts. During its call, AT&T announced net income totaling $7.5 billion, or $1.04 per share, an increase of $4.6 billion overall and $.63 per share over 2020 figures. Earnings per share were posted at $0.86, beating analyst expectations of $0.78. For its part, Verizon posted a year-over-year net income increase of 25.

https://www.pymnts.com/earnings/2021/verizon-att-announce-earnings-amid-5g-battle/

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