Company News: AT&T (T) quarterly earnings beat analysts’ forecast

Market news

29 January 2020

Company News: AT&T (T) quarterly earnings beat analysts’ forecast

AT&T (T) reported Q4 FY 2019 earnings of $0.89 per share (versus $0.86 per share in Q4 FY 2018), beating analysts' consensus estimate of $0.88 per share.

The company's quarterly revenues amounted to $46.821 bln (-2.4% y/y), roughly in line with analysts' consensus estimate of $47.062 bln.

The company also reaffirmed guidance for FY 2020, projecting EPS of $3.60-3.70 (versus analysts' consensus estimate of $3.61) and revenues of +1-2%, implying ~$184-186 bln (versus analysts' consensus estimate of $182.04 bln).

T fell to $38.08 (-1.30%) in pre-market trading.

U.S.: Goods Trade Balance, $ bln., December -68.33 (forecast -68.75)

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