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AT&T INC.

(T)
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AT&T : 2Q Results Benefited From Foreign Exchange in Mexico -- Currency Comment

07/22/2021 | 04:55pm EDT

By Paulo Trevisani

AT&T Inc. said Thursday that favorable foreign exchange boosted revenue in Mexico in the second quarter.

Consolidated revenue rose 7.6% in the three months ended June 30, boosted in part by growth in Latin America.

In Mexico, revenue was up 43%, leading 17% sales growth in Latin America, the Dallas telecom said.

"Equipment revenues were $241 million, up 78.5% year over year, driven by higher equipment sales and foreign exchange benefits" in Mexico, AT&T said.

Service revenues in the country also benefited from foreign exchange, up 30% to $447 million in the quarter, AT&T said.

The Mexican peso strengthened to 19.91 per U.S. dollar on June 30, from 20.46 per dollar at the beginning of the second quarter.

Write to Paulo Trevisani at paulo.trevisani@wsj.com

(END) Dow Jones Newswires

07-22-21 1654ET

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Financials (USD)
Sales 2021 167 B - -
Net income 2021 17 723 M - -
Net Debt 2021 157 B - -
P/E ratio 2021 11,1x
Yield 2021 7,69%
Capitalization 194 B 194 B -
EV / Sales 2021 2,10x
EV / Sales 2022 2,21x
Nbr of Employees 230 760
Free-Float 93,6%
Chart AT&T INC.
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AT&T Inc. Technical Analysis Chart | T | US00206R1023 | MarketScreener
Technical analysis trends AT&T INC.
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
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Mean consensus HOLD
Number of Analysts 28
Last Close Price 27,13 $
Average target price 31,97 $
Spread / Average Target 17,8%
EPS Revisions
Managers and Directors
John T. Stankey President, CEO, COO & Director
Pascal Desroches Chief Financial Officer & Senior Executive VP
William E. Kennard Independent Chairman
David S. Huntley Chief Compliance Officer & Senior Executive VP
Matthew K. Rose Lead Independent Director
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