AT&T quarterly profit growth did not reach forecasts

109749

The net profit of American telecommunications company AT&T in the third quarter increased to 4 billion 700 million dollars compared to 3 billion dollars in the third quarter of last year. Profit excluding a number of balance sheet items amounted to 90 cents per share, which turned out to be lower than experts' forecasts of 94 cents per share. At the same time, its operating profit exceeded the analysts' forecast of $45,650 million, amounting to $45 billion 740 million and increased by 15.3% over the year. However, the results for quarterly earnings negatively affected the company's shares, the price of which fell on Wednesday before the opening of the session by 2%. The number of subscribers of its cellular communications increased by 69 thousand, although analysts had expected a decline of 22 thousand.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong
Message: