Tag Archives: AT&T
AT&T (T) 24Q4 Update
At its Investor Day held on Dec. 3, AT&T outlined its vision for the next stage of its evolution. It aims to drive growth in its consumer broadband business by expanding its fiber optic footprint, increasing the number of fiber … Continue reading
AT&T (T) 24Q3 Update
AT&T reported a 24Q3 GAAP loss of $0.03 per share, reversing last year’s $0.48 profit and falling short of my $0.56 estimate. The loss was entirely due to a $4.4 billion impairment charge taken against its Business Wireline segment. Non-GAAP … Continue reading
AT&T (T) 24Q2 Update
AT&T reported 24Q2 GAAP EPS of $0.49, below last year’s $0.62 and my estimate was $0.58. Non-GAAP EPS was $0.57, below last year’s $0.63 and my estimate of $0.62. Free cash flow was $4.6 billion in the quarter, above 23Q2’s … Continue reading
AT&T (T) 24Q1 Update
AT&T reported 24Q1 GAAP EPS of $0.47, compared with last year’s loss of $0.57. My estimate was $0.47. Non-GAAP EPS was $0.55, below last year’s $0.50, but above my estimate of $0.53. Free cash flow was $3.1 billion in the … Continue reading
AT&T (T) 23Q4 Update
AT&T reported 23Q4 GAAP EPS of $0.30, compared with last year’s loss of $3.20. My estimate was $0.55. The shortfall vs. my estimate was due to a $589 million impairment charge, lower gross margin, higher SG&A expense and a $1.7 … Continue reading
AT&T (T) 23Q3 Update
AT&T reported 23Q3 GAAP EPS of $0.48, below last year’s $0.79 and also below my estimate of $0.55. The primary cause of the shortfall vs. my estimate was a $604 million charge for impairments and restructuring that included a $450 … Continue reading
Initiating Coverage on AT&T (T)
AT&T reported 23Q2 results that slightly exceeded guidance and consensus estimates. The results also raised confidence that the company can achieve its 2023 free cash flow target of $16 billion.
A Review of AT&T’s Prospects Following the Time Warner Acquisition
AT&T completed its acquisition of Time Warner on June 14, 2018. Under the merger agreement, Time Warner shareholders received $53.75 per share in cash and 1.437 shares of AT&T stock for each TWX share held. In total, Time Warner shareholders … Continue reading