AT&T Beats Q3 Estimates, Alaska Air Group Falls Short
- October 19th, 2023
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AT&T Inc. (NYSE: T), a telecommunications and media conglomerate, posted third-quarter 2023 earnings of $0.64 per share, surpassing the consensus EPS estimate of $0.59. The company's quarterly revenues totaled $30.35 billion, exceeding analysts' revenue expectations of $28.69 billion.
$T was trading at $14.90 in pre-market, reflecting an increase of $0.58 (+4.05%).
In separate news, Alaska Air Group, Inc. (NYSE: ALK), a major airline company, reported Q3 2023 earnings of $1.83 per share, slightly missing the consensus EPS estimate of $1.86. The company reported quarterly sales of $2.84 billion, falling short of analysts' revenue forecast of $2.87 billion.
Alaska Air is adjusting its full-year 2023 EPS guidance to a range of $4.25 to $4.75, compared to the previous range of $5.50 to $7.50. This contrasts with the consensus EPS estimate of $5.16 for the period.
In pre-market, $ALK was trading at $32.00, down $0.66 (-2.02%).
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