News Formal

AT&T Beats Earnings Expectations, Raises Target for Free Cash Flow. Stock Rises.

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 97%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

The telecommunications giant adds more wireless and broadband subscribers than expected in the third quarter.

AT&T reported third-quarter earnings and revenue that beat analysts’ estimates and the telecommunications giant raised its target for free cash flow for the year.Third-quarter revenue rose 1% from the same time last year to $30.4 billion, and adjusted profit was 64 cents a share. Analysts expected AT&T to report revenue of $30.2 billion and adjusted earnings of 62 cents.

AT&T raised its guidance for free cash flow and earnings before interest, taxes, depreciation and amortization for the year. Free cash flow is expected to be $16.5 billion, and Ebitda is expected to grow 4%. Previous guidance was for free cash flow of $16 billion and Ebitda growth of 3%.Cash from operating activities in the third quarter rose 2.4% to $10.3 billion, and free cash flow was $5.2 billion, which beat expectations.

Through the first three quarters of this year, AT&T said wireless service revenue has grown 4.6% while broadband revenue growth has been 8.1%.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 3. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

AT&T Beats Earnings Expectations, Raises Target for Free Cash FlowThe telecommunications giant adds more wireless and broadband subscribers than expected in the third quarter.
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

Goldman Sachs beats Wall Street's lowered earnings expectationsGoldman Sachs profit falls sharply in latest quarter but still tops analyst estimates
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

Abbott Labs shares rise as company beats earnings estimates, raises full-year guidanceEleanor Laise is a healthcare reporter for MarketWatch and is based in Washington.
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

Johnson & Johnson's stock climbs after company beats earnings estimates and raises profit guidanceJohnson & Johnson raised its full year EPS guidance and lifted the midpoint of its sales range
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

Prologis earnings fall but beat expectations, while occupancy declinesTomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter TomiKilgore.
La source: MarketWatch - 🏆 3. / 97 Lire la suite »