We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
AT&T (T) Slides on Weak Q2 Revenue, Reiterates Full-Year Guidance
Read MoreHide Full Article
AT&T (T - Free Report) just released its second-quarter earnings results, posting earnings of $0.72 per share and revenue of $40.52 billion.
Currently, T has a Zacks Rank #2 (Buy), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
AT&T:
1. Matched earnings estimates. The company posted earnings of 72 cents per share (excluding 17 cents from non-recurring items), which was in line with our Zacks Consensus Estimate of $0.72.
2. Missed revenue estimates. The company saw revenue figures of $40.52 billion, just missing our estimate of $40.66 billion.
3. “One year after our acquisition of DIRECTV, the success of the integration has exceeded our expectations,” said CEO Randall Stephenson. “Cost synergies are ahead of target, we’ve added nearly 1 million DIRECTV subscribers since the acquisition, and our new video streaming services are scheduled to roll out later this year.
4. In the report, the company said that full-year guidance is “on track to meet or exceed expectations.”
5. T was down $0.52, or 1.22%%, to $42.00 as of 4:50 p.m. EST in after-hours trading shortly after its earnings report was released.
Here’s a graph that looks at AT&T’s latest earnings performance:
AT&T Inc. is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services, the nation's fastest 3G network and the best wireless coverage worldwide, and the nation's leading high speed Internet access and voice services.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
AT&T (T) Slides on Weak Q2 Revenue, Reiterates Full-Year Guidance
AT&T (T - Free Report) just released its second-quarter earnings results, posting earnings of $0.72 per share and revenue of $40.52 billion.
Currently, T has a Zacks Rank #2 (Buy), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
AT&T:
1. Matched earnings estimates. The company posted earnings of 72 cents per share (excluding 17 cents from non-recurring items), which was in line with our Zacks Consensus Estimate of $0.72.
2. Missed revenue estimates. The company saw revenue figures of $40.52 billion, just missing our estimate of $40.66 billion.
3. “One year after our acquisition of DIRECTV, the success of the integration has exceeded our expectations,” said CEO Randall Stephenson. “Cost synergies are ahead of target, we’ve added nearly 1 million DIRECTV subscribers since the acquisition, and our new video streaming services are scheduled to roll out later this year.
4. In the report, the company said that full-year guidance is “on track to meet or exceed expectations.”
5. T was down $0.52, or 1.22%%, to $42.00 as of 4:50 p.m. EST in after-hours trading shortly after its earnings report was released.
Here’s a graph that looks at AT&T’s latest earnings performance:
AT&T INC Price, Consensus and EPS Surprise
AT&T INC Price, Consensus and EPS Surprise | AT&T INC Quote
AT&T Inc. is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services, the nation's fastest 3G network and the best wireless coverage worldwide, and the nation's leading high speed Internet access and voice services.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>