AT&T Inc. T, shares of
Trade in the pre-market rose 1.5% on Thursday, after earnings fell to a lower-than-expected rate after telecommunications and media giants posted adjusted profits in line with expectations. Net income fell to 70 7.76 billion or, cents a share from ૦ 7076 billion a year ago. The factset consensus for net earnings per share was 51 cents. With the exception of recurring items, the adjusted EPS factset of 76 cents matched the consensus. Total revenue fell .0.0% to ૨ 38.34 billion, which is above the ફે 41.61 billion factset consensus. Postpaid subscribers net editions were 1.1 million, with phone net additions being 645,000, while prepaid subscriber net ads were 245,000. Only postpaid churn was 0.85%, only postpaid phone churn was 0.69%. Communications revenue fell 1.1%. to ડો 1 billion, but act $ .. 6 billion dollars of factset beat the consensus, and Warnermedia’s revenue fell 10.0 billion dollars to 5 billion dollars. to beat billionaire expectations. The COVID-19 epidemic has resulted in a fourth-quarter loss of revenue due to the partial closure of movie theaters and the release of theaters, and the company sees a decline in revenue from international roaming wireless services due to travel. The 10-day straight stock as of Wednesday, fell 31.6% to date, while the S&P 500 SPX,
Increased by 6.3%.
.
