AT&T reported a 2.2% rise in "comparative revenues" for the second quarter to 29.6 billion US dollars. It said the rise was largely driven by wireless revenue growth and, to a lesser extent, higher Mexico and consumer wireline revenues, partially offset by declines in business wireline.
AT&T described the macro-economic environment as "dynamic". CEO John Stankey added: "Our most recent experience in looking at kind of a challenged cycle is probably coming out of the 2008 recession and the dynamic around it... that was a pretty stressed time... my guess is it probably won't be quite as shocking as that cycle is, what's occurred in a worst-case scenario." Source: AT&T collateral