AT&T reported its second-quarter 2020 earnings on Thursday, when there was some good news and some (expected) bad news from the COVID quarter.
Wall Street forecast earnings per share (EPS) of 79 cents on $41.18 billion in revenue for AT&T, according to a consensus compiled by Yahoo Finance. The company reported adjusted EPS of 83 cents on $41.0 billion in revenue.
AT&T’s adjusted earnings were down six cents per share from the year-ago quarter. The revenue figure was $4 billion less than Q2 2019.
On Thursday, AT&T said it recognized $320 million of extra corporate costs due to the coronavirus pandemic.