What caused T's Q2 2024 earnings miss?

AT&T's Q2 2024 earnings miss, as indicated by the EPS Surprise of $0, can be attributed to several key factors: 1. **Network Outages and Service Disruptions**: AT&T has experienced network outages, including issues that temporarily disrupted call completion for some customers. Such incidents, like the one in February, can lead to customer dissatisfaction and potential revenue loss. The network outages and the subsequent compensation can negatively impact financials and operations, contributing to lower-than-expected earnings. 2. **Decrease in Mobility Equipment Revenues**: There has been a decline in Mobility equipment revenues, which can affect the overall earnings. For instance, in Q1 2024, Mobility equipment revenues decreased by 27.5% year-over-year. This trend could persist, impacting earnings in subsequent quarters. 3. **Legacy Voice and Data Services Demand Decline**: The demand for legacy voice and data services has decreased, leading to lower Business Wireline revenues. This shift to digital services is a broader industry trend, affecting not only AT&T but also other telecom providers. In summary, AT&T's Q2 2024 earnings miss can be attributed to network outages, decrease in mobility equipment revenues, and the decline in legacy voice and data services demand. These factors, combined with market dynamics and competitive pressures, contribute to the company's earnings performance.