AT&T (NYSE:T) shares fell more than 13% since the company’s reported Q1 earnings results last month. EPS came in at $0.60, better than the Street estimate of $0.58. Revenue grew 1.6% year-over-year to $30.1 billion, compared to the Street estimate of $30.24 billion, primarily driven by lower-than-expected equipment revenue and slight downside to mobility service revenue — business wireline revenues were in line while consumer broadband revenue and LatAm beat.

Segment adjusted EBITDA grew 4.8% year-over-year to $11.2 billion and was below Street estimate by 2.5% on lower-than-expected results across Consumer Wireline, Business Wireline, and Mobility.