AT&T: Q4 EPS above estimates
(CercleFinance.com) - AT&T has reported Q4 2019 adjusted EPS that is up 3.
5% at 89 cents, two cents above the consensus, for revenue that is down 2.5% at 46.8 billion dollars, due to FX factors and the HBO Max investment.
"Growth in domestic wireless services and strategic and managed business services revenues partially offset declines in revenues from domestic video, legacy wireline services and WarnerMedia," the group said.
Posting FY adjusted EPS that is up 1.4% at 3.57 dollars, the media and telecommunications group confirms its target ranges of 3.60 dollars to 3.70 dollars for 2020, followed by 4.50 dollars to 4.80 dollars for 2022.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
5% at 89 cents, two cents above the consensus, for revenue that is down 2.5% at 46.8 billion dollars, due to FX factors and the HBO Max investment.
"Growth in domestic wireless services and strategic and managed business services revenues partially offset declines in revenues from domestic video, legacy wireline services and WarnerMedia," the group said.
Posting FY adjusted EPS that is up 1.4% at 3.57 dollars, the media and telecommunications group confirms its target ranges of 3.60 dollars to 3.70 dollars for 2020, followed by 4.50 dollars to 4.80 dollars for 2022.
Copyright (c) 2020 CercleFinance.com. All rights reserved.