AT&T: Q4 EPS in line with estimates
(CercleFinance.com) - AT&T has published Q4 2018 EPS of 66 cents, which has been divided by five, due to an unfavourable comparison basis, with the 2017 tax reform.
However, adjusted EPS increased 10% to 86 cents, in line with the consensus.
At 48 billion dollars, revenues increased 15.2%, with the acquisition of Time Warner. Declines in home video, conventional landline services, mobile equipment and Vrio were more than offset by the mobile services WarnerMedia and Xandr.
For FY 2018, the telecommunications and media giant posted adjusted EPS of 3.52 dollars, and confirmed that it expects low single-digit growth in 2019. It also expects free cash flow of about 26 billion dollars.
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However, adjusted EPS increased 10% to 86 cents, in line with the consensus.
At 48 billion dollars, revenues increased 15.2%, with the acquisition of Time Warner. Declines in home video, conventional landline services, mobile equipment and Vrio were more than offset by the mobile services WarnerMedia and Xandr.
For FY 2018, the telecommunications and media giant posted adjusted EPS of 3.52 dollars, and confirmed that it expects low single-digit growth in 2019. It also expects free cash flow of about 26 billion dollars.
Copyright (c) 2019 CercleFinance.com. All rights reserved.