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January 23, 2013
13:02 EDTTEarnings Preview: AT&T sees Q4 pre-tax charge of approximately $10B
AT&T (T) is expected to report Q4 earnings after the market close on Thursday, January 24, with a conference call scheduled for 4:30 pm ET. AT&T is a global telecommunications company offering wireless and long distance services... EXPECTATIONS: Analysts are looking for EPS of 46c on revenue of $32.22B, according to First Call. The consensus range for EPS is 41c-52c on revenue of $31.48B-$32.72B... LAST QUARTER: AT&T reported Q3 adjusted EPS of 62c against estimates for 60c on revenue of $31.46B against estimates for $31.58B. On its Q3 earnings report, the company said it was on track to meet or exceed FY12 guidance. It expected consolidated revenue, margin, and EPS growth for the year. Business customers were seen as cautious on spending due to the fiscal cliff. However, AT&T said there should be pent up demand for the iPhone 5. On January 17, the company announced it will record a Q4 non-cash, pre-tax charge of approximately $10B related to actuarial gains and losses on pension and post-employment benefit plans... STREET RESEARCH: Street research has been neutral in the weeks leading up to AT&T's Q4 earnings report. On November 15, National Securities initiated AT&T with a Neutral rating. On November 19, Pacific Crest said Verizon was a more attractive play than AT&T due to better revenue and EBITDA growth. The firm maintained a Sector Perform rating on AT&T... PRICE ACTION: AT&Tís shares have traded in a choppy pattern following the company's Q3 report, and currently sit slightly below the level they traded at three months ago. In early afternoon trading ahead of tomorrow's Q4 report, AT&Tís shares are up almost 1% to $33.91.
News For T From The Last 14 Days
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November 24, 2015
11:08 EDTTAT&T management to meet with Jefferies
Meetings to be held in Atlanta/Orlando/Tampa on November 30-December 1 hosted by Jefferies.
05:51 EDTTAT&T implied volatility of 14 at lower end of index mean range
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November 23, 2015
13:34 EDTTAT&T, A+E Networks reach multi-year distribution agreement
AT&T (T) said in a statement: "AT&T and A+E Networks have signed a long-term, multi-platform distribution agreement, continuing their long-standing relationship. The new agreement delivers to AT&T terms that reflect its new scale and status as the largest pay TV provider in the world." The renewal includes a comprehensive deal that includes linear, TVE, VOD and mobility for the suite of A+E Networks' channels, among the top brands in the media landscape, including: A&E, Lifetime, HISTORY, LMN, FYI and HISTORY en Espanol. In addition, AT&T will launch VICELAND, replacing H2, as part of the A+E Networks' portfolio. A+E Networks said in a statement: "We have worked together with AT&T for many years and we are delighted that this renewal will allow us to do so well into the future. We are thrilled that AT&T's valued customers will be able to enjoy A+E Networks' award-winning portfolio of brands- including A&E, Lifetime, HISTORY, LMN, FYI and HISTORY en Espanol - across their multiple platforms, and that VICELAND's new 24-hour channel will be part of that offering." A+E Networks, LLC. is a joint venture of Disney-ABC Television Group (DIS) and Hearst Corporation.
05:58 EDTTAT&T implied volatility of 14 at lower end of index mean range
November 18, 2015
11:33 EDTTSprint announces launch of LTE Plus network
In celebration of the launch of its new LTE Plus network, Sprint (S) is introducing the biggest wireless offer in U.S. history - 50% off the price of most Verizon (VZ), AT&T (T) and T-Mobile (TMUS) rate plans, the company says. New customers can sign up for this offer nationwide Nov. 20 through Jan. 7, 2016. LTE Plus, available today in 77 major markets, takes advantage of Sprint's rich triband spectrum portfolio, and it uses some of the world's most advanced technologies in wireless, such as carrier aggregation and antenna beamforming. Customers who switch get 50 percent off most current rate plan prices from their current carrier. AT&T, T-Mobile and Verizon customers switching to Sprint also can take advantage of iPhone Forever, where they are eligible to upgrade every time a new iPhone launches. Customers must port one line, and can add up to 9 additional lines on the account. Customers must choose from the 50 percent off rate plans available from their current carrier. Cricket and MetroPCS customers also can switch and save 50 percent off their parent company's postpaid rates. 50 percent off pricing remains valid until Jan. 8, 2018, for activations between Nov. 20, 2015, and Jan. 7, 2016.
November 16, 2015
07:36 EDTTBerkshire Hathaway discloses new AT&T stake in quarterly update
Berkshire Hathaway gave a quarterly update on its stakes in a filing this morning. NEW STAKES: AT&T (T), Kraft Heinz (KHC), Liberty Lilac Group (LILA). INCREASED STAKES: Phillips 66 (PSX), Charter (CHTR), Liberty Media (LMCK), Suncor (SU), General Motors (GM). DECREASED STAKES: Goldman Sachs (GS), Wal-Mart (WMT), Deere (DE), Chicago Bridge & Iron (CBI), WABCO (WBC). LIQUIDATED STAKES: Viacom (VIAB).
November 12, 2015
19:41 EDTTAT&T, Verizon ask FCC to limit Charter/Time Warner Cable merger, Bloomberg says
A trade group for AT&T (T) and Verizon (VZ) petitioned the FCC to limit Charter's (CHTR) coordination with other cable companies if the merger with Time Warner Cable (TWC) is allowed to proceed, reports Bloomberg. USTelecom also asked the FCC for restrictions on John Malone, Charter's largest shareholder. Reference Link
November 11, 2015
07:59 EDTTMorgan Stanley to hold a conference
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07:40 EDTTWells Fargo to hold a conference
6th Annual Media & Telecom Conference is being held in New York on November 10-11 with webcasted company presentations to begin on November 11 at 8 am; not all company presentations may be webcasted. Webcast Link
November 10, 2015
15:10 EDTTT-Mobile confirms unlimited streaming initiative 'Binge On'
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