We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
AT&T Inc | NYSE:T | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.02 | 0.12% | 16.87 | 20,740 | 12:22:42 |
By Denny Jacob
AT&T remains on track to meet certain financial targets and expects some to improve, said Chief Financial Officer Pascal Desroches.
The telecom giant is on track for 2023 free cash flow of about $16.5 billion and expects the metric to improve in 2024 due to profitable wireless and fiber customer additions, among other reasons, said Desroches, speaking at an Oppenheimer conference. It forecast adjusted EPS at the higher end of its previous forecast range between $2.35 and $2.45, or in the low $2.40's range.
AT&T expects 2024 adjusted earnings-per-share to reflect the impact of accelerated depreciation from its plans with Ericsson. AT&T earlier this month struck a deal with the Swedish equipment supplier to buy up to $14 billion of its hardware and services after the company pledged to open up its software to competing systems.
Dallas-based AT&T said it also remains on track to achieving its goal of 2.5x net-debt to adjusted earnings before interest, taxes, depreciation and amortization in the first half of 2025.
For the fourth quarter, AT&T said postpaid phone net adds are expected to grow sequentially and are tracking around 500,000. It expects fiber net adds in the 250,000 range for the quarter, which it said reflects normal seasonality.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
December 11, 2023 15:54 ET (20:54 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
1 Year AT&T Chart |
1 Month AT&T Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions