AT&T Inc. Shares Slide on Q1 Earnings Miss

AT&T Inc. Shares Slide on Q1 Earnings Miss

T) posted its newest quarterly earnings outcomes after hours Wednesday, which missed analysts’ expectations.” data-reactid=”11″>AT&T Inc. (NYSE:T) posted its newest quarterly earnings outcomes after hours Wednesday, which missed analysts’ expectations.

first-quarter earnings of 85 cents per share, which got here in beneath the 87 cents per share that Wall Street was calling for. Its income tallied as much as $38.04 billion, beneath the $39.31 billion that analysts had been projecting of their consensus estimate.” data-reactid=”24″>The U.S. service introduced first-quarter earnings of 85 cents per share, which got here in beneath the 87 cents per share that Wall Street was calling for. Its income tallied as much as $38.04 billion, beneath the $39.31 billion that analysts had been projecting of their consensus estimate.

AT&T added 187,000 linear video subscribers through the interval, whereas AT&T added 312,000 subscribers to its streaming service DirecTV Now. The firm’s postpaid wi-fi additions for the interval had been 49,000 within the U.S.

InvestorPlace – Stock Market News, Stock Advice & Trading Tips” data-reactid=”26″>InvestorPlace – Stock Market News, Stock Advice & Trading Tips

TWX).” data-reactid=”27″>The firm, which owns the satellite tv for pc supplier DirecTV, has been dropping a slew of subscribers to its conventional tv packages as extra shoppers are eliminating cable plans and choosing cheaper streaming companies. AT&T is at present in the course of a trial relating to the corporate’s $85 billion bid to merge with Time Warner Inc (NYSE:TWX).

T inventory fell about four.four% after the bell Wednesday.

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