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.
While the big news today is the announcement of the $85.4 billion buyout of Time Warner by AT&T (T - Free Report) , we will leave the discussion for elsewhere on Zacks.com, particularly here: AT&T (T - Free Report) to Acquire Time Warner in $85.4 Billion Mega Deal
We’ve also got a fresh batch of Q3 earnings results before the opening bell today. AT&T competitor T-Mobile U.S. (TMUS - Free Report) reported mixed top- and bottom-line results, posting 27 cents per share (a 5-cent beat from the Zacks consensus estimate) on quarterly sales of $9.246 billion (which missed the $9.441 billion expected). Though the Zacks Rank #3 (Hold) company is upbeat on subscriber growth numbers, the bigger question looks to be how T-Mobile will continue to compete with AT&T, assuming its Time Warner deal goes through.
Jeans and casual-wear manufacturer V.F. Corporation (VFC - Free Report) be at earnings estimates for its third consecutive quarter, reporting $1.20 per share as opposed to the $1.15 we were looking for. Revenues, however, were also light expectations: $3.59 billion missed our $3.66 billion target. The company behind Wrangler and Lee brands did raise its dividend yield, but shares are down 2% in the pre-market.
Convenience products maker Kimberly-Clark (KMB - Free Report) disappointed on both top and bottom lines earlier this morning, its $1.52 per share missing the Zacks consensus by 2 cents, and $4.59 billion in quarterly sales. The company also lowered full-year guidance on what it called a “challenging economy.” The Zacks Rank #4 (Sell) stock is trading down 2.75% at this hour.
Questions Regarding AT&T-Time Warner Merger
Going back to the AT&T/Time Warner deal, though AT&T CEO Randall Stephenson was excited to announce this proposed acquisition as a “purely vertical integration,” the timing of the announcement is rather curious, coming roughly two weeks prior to the U.S. presidential election. Both Republican nominee Donald Trump and Democratic party presidential candidate also-ran Bernie Sanders have publicly announced their rejection of the deal. Democratic nominee Hillary Clinton has not yet weighed in.
This is to suggest that to whatever extent a mega-merger like this one is subject to political pressure, the second-biggest telephone carrier may experience the brunt of this in reaction to its attempt to annex the company which owns HBO, TBS and Warner Brothers Entertainment. Perhaps this would have been the case regardless, but it would seem to invite public scrutiny; analysts are now sifting through whether or not it is likely to pass.
Image: Bigstock
Q3 Earnings Continue Amid AT&T/Time Warner News
Monday, October 24, 2016
While the big news today is the announcement of the $85.4 billion buyout of Time Warner by AT&T (T - Free Report) , we will leave the discussion for elsewhere on Zacks.com, particularly here: AT&T (T - Free Report) to Acquire Time Warner in $85.4 Billion Mega Deal
We’ve also got a fresh batch of Q3 earnings results before the opening bell today. AT&T competitor T-Mobile U.S. (TMUS - Free Report) reported mixed top- and bottom-line results, posting 27 cents per share (a 5-cent beat from the Zacks consensus estimate) on quarterly sales of $9.246 billion (which missed the $9.441 billion expected). Though the Zacks Rank #3 (Hold) company is upbeat on subscriber growth numbers, the bigger question looks to be how T-Mobile will continue to compete with AT&T, assuming its Time Warner deal goes through.
Jeans and casual-wear manufacturer V.F. Corporation (VFC - Free Report) be at earnings estimates for its third consecutive quarter, reporting $1.20 per share as opposed to the $1.15 we were looking for. Revenues, however, were also light expectations: $3.59 billion missed our $3.66 billion target. The company behind Wrangler and Lee brands did raise its dividend yield, but shares are down 2% in the pre-market.
Convenience products maker Kimberly-Clark (KMB - Free Report) disappointed on both top and bottom lines earlier this morning, its $1.52 per share missing the Zacks consensus by 2 cents, and $4.59 billion in quarterly sales. The company also lowered full-year guidance on what it called a “challenging economy.” The Zacks Rank #4 (Sell) stock is trading down 2.75% at this hour.
Questions Regarding AT&T-Time Warner Merger
Going back to the AT&T/Time Warner deal, though AT&T CEO Randall Stephenson was excited to announce this proposed acquisition as a “purely vertical integration,” the timing of the announcement is rather curious, coming roughly two weeks prior to the U.S. presidential election. Both Republican nominee Donald Trump and Democratic party presidential candidate also-ran Bernie Sanders have publicly announced their rejection of the deal. Democratic nominee Hillary Clinton has not yet weighed in.
This is to suggest that to whatever extent a mega-merger like this one is subject to political pressure, the second-biggest telephone carrier may experience the brunt of this in reaction to its attempt to annex the company which owns HBO, TBS and Warner Brothers Entertainment. Perhaps this would have been the case regardless, but it would seem to invite public scrutiny; analysts are now sifting through whether or not it is likely to pass.
Mark Vickery
Senior Editor
Click here to follow this author>>