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Shares of AT&T (NYSE:T) rose 1.6% in pre-market trading after the company reported Q3 results.
Quarterly Results
Earnings per share were down 19.15% year over year to $0.76, which were in line with the estimate of $0.76.
Revenue of $42,340,000,000 decreased by 5.04% year over year, which beat the estimate of $41,610,000,000.
Looking Ahead
AT&T hasn't issued any earnings guidance for the time being.
AT&T hasn't issued any revenue guidance for the time being.
Details Of The Call
Date: Oct 22, 2020
Time: 08:30 AM
ET Webcast URL: https://edge.media-server.com/mmc/p/5dcv6c9q
Recent Stock Performance
Company's 52-week high was at $39.70
52-week low: $26.08
Price action over last quarter: down 8.18%
Company Profile
Wireless communication remains AT&T's largest business, contributing nearly 40% of revenue. As the second- largest U.S. wireless carrier, AT&T connects more than 100 million devices, including 63 million postpaid and 16 million prepaid phone customers. The consumer and entertainment segment (about 25% of revenue) includes the consumer fixed-line and DirecTV satellite television businesses, serving 20 million television and 14 million Internet access customers. WarnerMedia now contributes a bit less than 20% of revenue with media assets that include HBO, the Turner cable networks, and the Warner Brothers studios. Fixed-line business communications (14%), Latin American satellite television (2%), and Mexican wireless services (1%) constitute the remainder of the firm.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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