Business
AT&T Took a $2.6 Billion Charge on the Mexican Business It Agreed to Sell for $2 Billion. GAAP Earnings Fell to $0.13 a Share; Adjusted Earnings Rose to $0.65.
AT&T said on Wednesday 21 October that third-quarter revenue rose 5.3 per cent to $32.3 billion and adjusted earnings rose to $0.65 a share from $0.54. GAAP earnings from continuing operations were $0.13 a share after a $2.6 billion non-cash impairment on AT&T Mexico, which it agreed on 13 October to sell. AT&T raised its 2026 adjusted EPS outlook, lowered its capital investment outlook and kept its plan for $24 billion or more of buybacks through 2028.
