AT&T First Look: Worse Than I Had Anticipated

My cautious tone toward AT&T (T) ahead of 3Q17 earnings has been justified. This Tuesday, the U.S.-based telecom giant posted its first all-around miss since 3Q14. Revenues of $ 39.7 billion landed -3% below year-ago levels, failing to reach consensus estimate of $ 40.1 billion as business and consumer mobility came in softer than I […] Read more »

AT&T: Hurricanes and Earthquakes Hurt Revenue

Video subscribers are also down. AT&T said on Wednesday that its third-quarter results took a hit from a string of hurricanes that tore into parts of the United states and earthquakes in Mexico. The No. 2 U.S. wireless carrier said third-quarter consolidated revenue was hurt by about $ 90 million and pre-tax earnings by about […] Read more »