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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 | |
---|---|---|---|---|---|---|---|---|
0.0762 | 0.47% | 16.4062 | 16.425 | 16.30 | 16.31 | 7,481,474 | 15:25:32 |
First bullet should read: Adjusted EPS at the high end of the $3.50 range1 (instead of EPS at the high end of the $3.50 range). Ninth bullet, insert fourth sentence: The company has found that its market share increases the longer its fiber offerings have been available – up to about 50% market share after 3 years. Insert footnoote 1 at end of release body.
The corrected release reads:
JOHN STEPHENS, AT&T CHIEF FINANCIAL OFFICER, PROVIDES UPDATE AT MORGAN STANLEY CONFERENCE
John Stephens, AT&T chief financial officer, spoke today at the Morgan Stanley European Technology, Media & Telecommunications conference in Barcelona. Stephens reiterated the company’s guidance for 2018. For the full year, AT&T* (NYSE: T) expects to deliver:
As AT&T looks to 2019 and beyond, it is focused on several areas:
Stephens addressed the U.S. Department of Justice appeal of the U.S. District Court decision that allowed AT&T and Time Warner to complete their merger earlier this year. He said that AT&T’s legal team is working on the appeal, allowing management to focus on running the business. Oral arguments have been scheduled for December 6, and the company continues to expect resolution in the first quarter of 2019.
AT&T will hold a meeting with analysts on November 29. The event will be broadcast live via the internet, and additional details will be announced prior to the meeting.
1Adjustments include a non-cash mark-to-market benefit plan gain/loss, merger-related interest expense, merger integration and amortization costs and other adjustments. We expect the mark-to-market adjustment which is driven by interest rates and investment returns that are not reasonably estimable at this time, to be the largest of these items. Accordingly, we cannot provide a reconciliation between forecasted adjusted diluted EPS and reported diluted EPS without unreasonable effort.
*About AT&T
AT&T Inc. (NYSE:T) is a diversified, global leader in telecommunications, media and entertainment, and technology. It executes in the market under four operating units. WarnerMedia’s HBO, Turner and Warner Bros. divisions are world leaders in creating premium content, operate one of the world’s largest TV and film studios, and own a world-class library of entertainment. AT&T Communications provides more than 100 million U.S. consumers with entertainment and communications experiences across TV, mobile and broadband services. Plus, it serves more than 3 million business customers with high-speed, highly secure connectivity and smart solutions. AT&T Latin America provides pay-TV services across 11 countries and territories in Latin America and the Caribbean, and is the fastest growing wireless provider in Mexico, serving consumers and businesses. Xandr provides marketers with innovative and relevant advertising solutions for consumers around premium video content and digital advertising through its AppNexus platform.
AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc. Additional information is available at about.att.com. © 2018 AT&T Intellectual Property. All rights reserved. AT&T, the Globe logo and other marks are trademarks and service marks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks contained herein are the property of their respective owners.
Cautionary Language Concerning Forward-Looking Statements
Information set forth in this news release contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results might differ materially. A discussion of factors that may affect future results is contained in AT&T’s filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update and revise statements contained in this news release based on new information or otherwise.
This news release may contain certain non-GAAP financial measures. Reconciliations between the non-GAAP financial measures and the GAAP financial measures are available on the company’s website at https://investors.att.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181114005832/en/
Erin McGrathAT&T Inc.Phone: (214) 862-0651Email: erin.mcgrath@att.com
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