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Stock Market & Financial Investment News

News Breaks
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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April 17, 2014
07:46 EDTTAT&T to possibly sit out of U.S. spectrum auction, Reuters says
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April 16, 2014
11:08 EDTTAT&T, Volvo partner for in-car wireless connectivity
AT&T and Volvo Cars have entered into a new multi-year agreement to enable future Volvo vehicles in the U.S. and Canada with high speed wireless connectivity. AT&T is scheduled to power Volvo's US 2015 model year connected car solution with Sensus Connect, an embedded infotainment service. Volvo customers in the U.S. and Canada will also have access to Volvo On Call, a service allowing remote access to car functions and an emergency crash notification service. Volvo plans to enable cars with AT&T on-board for sale this summer. As a telematics leader, AT&T already provides a variety of vehicle solutions to automobile manufacturers around the world. Volvo's solution incorporates AT&T's Single SIM platform to provide coverage in the U.S. and Canada. The Single SIM, along with a world-class service management platform, AT&T Control Center powered by Jasper Wireless, arms Volvo with the ability to manage wireless device deployment and operations across markets with advanced diagnostic tools and smart alerting.
April 14, 2014
09:10 EDTTT-Mobile CEO starts petition for consumers to call on peers to end overages
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09:05 EDTTT-Mobile abolishes consumer overages, challenges other providers to follow suit
T-Mobile (TMUS) announced a campaign to eliminate overage penalties, one of the most reviled wireless industry practices. While abolishing overages for all customers on T-Mobile consumer plans, its CEO has also laid down a challenge to the nation's largest carriers, AT&T (T), Verizon (VZ) and Sprint (S), to do the same.
April 11, 2014
07:26 EDTTTime Warner struggling to force Dodgers network on pay-TV players, LAT say
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April 10, 2014
06:29 EDTTAT&T in talks to bring ultrafast internet to North Carolina, WSJ reports
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April 9, 2014
11:15 EDTTT-Mobile unveils $40 monthly price plan called 'Simple Starter'
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April 8, 2014
07:52 EDTTComcast, Time Warner execs go before critic at hearing, Reuters says
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07:14 EDTTAT&T wants to force customers in Alabama town to switch to wireless, WSJ reports
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April 7, 2014
13:51 EDTTAT&T's U-verse experiencing widespread outage, Mashable reports
AT&T's U-verse service is currently experiencing a massive, nationwide outage, Mashable reports. A spokesperson for the company explains, "Due to a power-related issue triggered by a third-party at our video hub, U-verse customers may be experiencing a loss of national channels. Technicians are working to resolve the issue and we expect to have service fully restored by early afternoon. We apologize for this inconvenience." Reference Link

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