AT&T Inc. (T - Free Report) reported relatively tepid third-quarter 2019 results with year-over-year decline in GAAP earnings and revenues due to lower-than-anticipated performances from legacy wireline services and WarnerMedia businesses. The company has offered a three-year guidance and financial allocation plan, which is expected to drive significant improvement in margins and bottom-line growth with sustained investments and debt reduction.
Net Income
On a GAAP basis, AT&T reported net income of $3,700 million or 50 cents per share compared with $4,718 million or 65 cents per share in the year-ago quarter. The slump in earnings despite lower operating costs was primarily attributable to lower revenues and merger and integration-related expenses.
Excluding non-recurring items, adjusted earnings for the quarter were 94 cents per share compared with 90 cents in the year-earlier quarter, and exceeded the Zacks Consensus Estimate by a penny.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
AT&T Inc. (T - Free Report) reported relatively tepid third-quarter 2019 results with year-over-year decline in GAAP earnings and revenues due to lower-than-anticipated performances from legacy wireline services and WarnerMedia businesses. The company has offered a three-year guidance and financial allocation plan, which is expected to drive significant improvement in margins and bottom-line growth with sustained investments and debt reduction.
Net Income
On a GAAP basis, AT&T reported net income of $3,700 million or 50 cents per share compared with $4,718 million or 65 cents per share in the year-ago quarter. The slump in earnings despite lower operating costs was primarily attributable to lower revenues and merger and integration-related expenses.
Excluding non-recurring items, adjusted earnings for the quarter were 94 cents per share compared with 90 cents in the year-earlier quarter, and exceeded the Zacks Consensus Estimate by a penny.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on USM - FREE
Get the latest research report on T - FREE
Get the latest research report on ATNI - FREE
Get the latest research report on TMUS - FREE