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 | |
---|---|---|---|---|---|---|---|---|
-0.0868 | -0.51% | 16.8332 | 16.99 | 16.77 | 16.95 | 14,192,355 | 18:34:38 |
By Chelsey Dulaney
DirecTV on Tuesday said strong subscriber growth and price increases in its U.S. business during the first quarter helped to offset weakness in Latin America, as the satellite-television provider said it expects its deal to be bought by AT&T Inc. to close in the current quarter.
Overall, profit and revenue came in below Wall Street expectations for the quarter. Shares of DirecTV, up 13% in the last year, edged down 0.3% in morning trading to $90.15.
The $49 billion deal between AT&T and DirecTV is expected to be yet another major transformation for the communications industry. The combination is expected to give AT&T a differentiated offering when trying to win wireless customers or sell large packages of telecom, Internet and video services.
In the most recent period, DirecTV's U.S. division added a net 60,000 new customers, compared with 12,000 additions a year earlier. Its churn rate was 1.37%, down from 1.45% a year earlier and its lowest first-quarter rate in six years.
U.S. revenue grew 6.1% to $6.46 billion. Average monthly revenue per subscriber, meanwhile, rose to $105.62 from $100.16 a year earlier due in part to price increases on programming packages and regional sports networks.
Overall, the company posted quarterly earnings of $730 million, or $1.44 a share, up from $561 million, or $1.09 a share, a year earlier.
Revenue grew 3.7% to $8.14 billion.
Analysts polled by Thomson Reuters had projected earnings of $1.53 a share and revenue of $8.15 billion.
In its Latin America division, subscriber growth slowed to 219,000 net additions in the latest quarter from 361,000 a year earlier.
Churn rate grew to 2.15% from 1.85%, while revenue fell 5% to $1.64 billion. Its average monthly revenue per subscriber fell to $43.32 from $48.83 a year earlier.
DirecTV said its results in Latin America were weighed by foreign exchange headwinds.
Write to Chelsey Dulaney at Chelsey.Dulaney@wsj.com
Access Investor Kit for AT&T, Inc.
Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=US00206R1023
Access Investor Kit for DIRECTV
Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=US25490A3095
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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