AT&T First Look: Well Short Of Exciting

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About: AT&T Inc. (T), Includes: VZ
by: D.M. Martins Research
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D.M. Martins Research
Long/short equity, value, contrarian, long-term horizon
Summary

AT&T delivered 2Q18 results this Tuesday, and I was not very encouraged by what I saw at first glance.

All segments posted a YOY contraction in revenues, although robust gross margin (possibly aided by accounting matters) was a pleasant surprise.

I continue to favor VZ over T, understanding that the former seems to be executing better in the consumer wireless service arena.

AT&T's (T) 2Q18 numbers are out. Perhaps not to my surprise, the results came short of exciting, reinforcing my beliefs that the divide between the Dallas-based company and peer Verizon (VZ)