AT&T Inc. provides telecommunication, media, and technology services worldwide. The company operates through Communications, WarnerMedia, and Latin America segments. The Communications segment offers wireless voice and data communications services; video and targeted advertising services; broadband, including fiber, and legacy telephony internet and voice communication; and wireline telecom services. It also sells handsets, wirelessly enabled computers, wireless data cards, and IP-based set-top boxes, as well as various accessories, such as carrying cases and hands-free devices through the company-owned stores, agents, and third-party retail stores. This segment markets its communications services and products under the AT&T, Cricket, AT&T PREPAIDSM, AT&T TV, AT&T Fiber, and DIRECTV brand names. The WarnerMedia segment primarily produces, distributes, and licenses television programming and feature films; distributes home entertainment products in physical and digital formats; and produces and distributes mobile and console games, and consumer products, as well as offers brand licensing services, and advertising services. It also operates cable networks; video on demand streaming platform under the HBO Max and HBO GO names; multichannel pay television services under the HBO and Cinemax; and digital media properties, as well as licenses its content to television networks and over-the-top services. The Latin America segment offers video entertainment and audio programming services under the DIRECTV and SKY brands primarily to residential customers; pay-TV services, including HD sports video content; and postpaid and prepaid wireless services under the AT&T and Unefon brands, as well as sells various handsets through company-owned stores, agents, and third-party retail stores. The company was formerly known as SBC Communications Inc. and changed its name to AT&T Inc. in November 2005. AT&T Inc. was incorporated in 1983 and is headquartered in Dallas, Texas.
IPO Year:
Exchange: NYSE
Website: att.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/1/2024 | $22.00 | Buy | Goldman |
| 6/11/2024 | Underperform → Neutral | Exane BNP Paribas | |
| 4/29/2024 | $20.00 | Equal Weight → Overweight | Barclays |
| 3/5/2024 | $21.00 | Peer Perform → Outperform | Wolfe Research |
| 2/1/2024 | $18.00 → $21.00 | Neutral → Overweight | JP Morgan |
| 1/19/2024 | $21.00 | Perform → Outperform | Oppenheimer |
| 10/20/2023 | $18.50 | Sector Perform → Sector Outperform | Scotiabank |
| 8/29/2023 | $17.00 | Neutral → Buy | Citigroup |
| 7/19/2023 | Buy → Hold | Argus | |
| 7/17/2023 | $22.00 → $16.00 | Buy → Neutral | Citigroup |
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More customers choose AT&T as their converged provider for world-class connectivity DALLAS, Oct. 23, 2024 /PRNewswire/ -- AT&T Inc. (NYSE:T) reported third-quarter results that delivered consistent growth in Mobility service and broadband revenues as it attracts high-quality, converged customers in both 5G and fiber. Following its continued performance, the Company reiterates all full-year 2024 consolidated financial guidance. Third-Quarter Consolidated Results Revenues of $30.2 billionDiluted EPS of $(0.03); adjusted EPS* of $0.60 Operating income of $2.1 billion; adjusted operating income* of $6.5 billionNet income of $0.1 billion; adjusted EBITDA* of $11.6 billionCash from operating acti
Will Provide U.S. Consumers with More Flexibility and Better Value in the Highly Competitive Video Industry Currently Dominated by Large Tech Companies and Programmers DIRECTV Will Be Better Able to Work with Programmers to Deliver to Consumers Smaller Content Packages at Lower Price Points Combined Company Will Be Better Able to Bring Together Multiple Content Sources in One Easily Accessible Place Improves EchoStar's Financial Profile as It Continues to Enhance and Further Deploy Its Nationwide 5G Open RAN Wireless Network DIRECTV to Host Conference Call Today at 9:30 AM ET EchoStar to Host Conference Call Today at 8:30 AM ET EL SEGUNDO, Calif. and ENGLEWOOD, Colo., Sept. 30, 2024 /PRNew
DALLAS, Sept. 27, 2024 /PRNewswire/ -- The board of directors today declared a quarterly dividend of $0.2775 per share on the company's common shares, payable November 1, 2024. Key Takeaways: The board of directors declared a quarterly dividend of $0.2775 per share on the company's common shares.Dividends on common stock as well as Series A and Series C preferred stock are payable on November 1, 2024.The board of directors of AT&T (NYSE:T) today declared a quarterly dividend of $0.2775 per share on the company's common shares. The board of directors also declared quarterly dividends on the company's 5.000% Perpetual Preferred Stock, Series A and the company's 4.750% Perpetual Preferred Stock
DALLAS, Aug. 23, 2024 /PRNewswire/ -- We will release our third-quarter 2024 results on Wednesday, October 23, and webcast a conference call to discuss results. Key Takeaways: AT&T will release its third-quarter 2024 results on October 23AT&T will webcast a conference call to discuss resultsAT&T (NYSE:T) will release its third-quarter 2024 results before the New York Stock Exchange opens on Wednesday, October 23, 2024. The company's earnings release and related materials will be available at AT&T Investor Relations. At 8:30 a.m. ET the same day, AT&T will host a conference call to discuss the results. A live webcast of the call will be available at AT&T Investor Relations, and the webcast r
USA News Group Commentary Issued on behalf of Scope AI Corp. VANCOUVER, BC, July 24, 2024 /PRNewswire/ -- USA News Group – The telecom market just witnessed a security breach nightmare, with the data (records of calls and texts) of nearly all customers of a giant getting stolen by hackers. The incident in question involved AT&T Inc. (NYSE:T), which immediately issued a press release to address the situation, pointing towards the probability that the hackers illegally downloaded the data from a third-party cloud platform. In this case, the data stolen was from 2022, representing a massive data breach done in the future. The implication is that security methods implemented today, could impact
Connectivity investments continue to attract and retain high-value subscribers who choose both wireless and fiber service DALLAS, July 24, 2024 /PRNewswire/ -- AT&T Inc. (NYSE:T) reported second-quarter results that delivered durable and profitable 5G and fiber customer growth with increasing Mobility service and broadband revenues. Following consistent first-half performance, the Company reiterates all full-year 2024 financial guidance. Second-Quarter Consolidated Results Revenues of $29.8 billionDiluted EPS of $0.49; adjusted EPS* of $0.57Operating income of $5.8 billion; adjusted operating income* of $6.3 billionNet income of $3.9 billion; adjusted EBITDA* of $11.3 billionCash from opera
DALLAS, June 26, 2024 /PRNewswire/ -- The board of directors today declared a quarterly dividend of $0.2775 per share on the company's common shares, payable August 1, 2024. Key Takeaways: The board of directors declared a quarterly dividend of $0.2775 per share on the company's common shares.Dividends on common stock as well as Series A and Series C preferred stock are payable on August 1, 2024.The board of directors of AT&T (NYSE:T) today declared a quarterly dividend of $0.2775 per share on the company's common shares. The board of directors also declared quarterly dividends on the company's 5.000% Perpetual Preferred Stock, Series A and the company's 4.750% Perpetual Preferred Stock, Ser
DALLAS, May 23, 2024 /PRNewswire/ -- We will release our second-quarter 2024 results on Wednesday, July 24, and webcast a conference call to discuss results. Key Takeaways: AT&T will release its second-quarter 2024 results on July 24AT&T will webcast a conference call to discuss resultsAT&T ((T) will release its second-quarter 2024 results before the New York Stock Exchange opens on Wednesday, July 24, 2024. The company's earnings release and related materials will be available at AT&T Investor Relations. At 8:30 a.m. ET the same day, AT&T will host a conference call to discuss the results. A live webcast of the call will be available at AT&T Investor Relations, and the webcast replay and tr
Company's investment-led approach and connectivity momentum fuels Mobility service and broadband revenue growth DALLAS, April 24, 2024 /PRNewswire/ -- AT&T Inc. (NYSE:T) reported first-quarter results that highlighted consistent 5G and fiber customer additions and showcased profitable growth driven by increased Mobility service and broadband revenues. First-Quarter Consolidated Results Revenues of $30.0 billionDiluted EPS of $0.47; adjusted EPS* of $0.55Operating income of $5.8 billion; adjusted operating income* of $6.0 billionNet income of $3.8 billion; adjusted EBITDA* of $11.0 billionCash from operating activities of $7.5 billion, up $0.9 billion year over yearCapital expenditu
DALLAS, March 29, 2024 /PRNewswire/ -- The board of directors today declared a quarterly dividend of $0.2775 per share on the company's common shares, payable May 1, 2024. Key Takeaways: The board of directors declared a quarterly dividend of $0.2775 per share on the company's common shares.Dividends on common stock as well as Series A and Series C preferred stock are payable on May 1, 2024.Dividends on Series B preferred stock are payable on May 2, 2024.The board of directors of AT&T* (NYSE:T) today declared a quarterly dividend of $0.2775 per share on the company's common shares. The board of directors also declared quarterly dividends on the company's 5.000% Perpetual Preferred Stock, Ser
Goldman initiated coverage of AT&T with a rating of Buy and set a new price target of $22.00
Exane BNP Paribas upgraded AT&T from Underperform to Neutral
Barclays upgraded AT&T from Equal Weight to Overweight and set a new price target of $20.00
Wolfe Research upgraded AT&T from Peer Perform to Outperform and set a new price target of $21.00
JP Morgan upgraded AT&T from Neutral to Overweight and set a new price target of $21.00 from $18.00 previously
Oppenheimer upgraded AT&T from Perform to Outperform and set a new price target of $21.00
Scotiabank upgraded AT&T from Sector Perform to Sector Outperform and set a new price target of $18.50
Citigroup upgraded AT&T from Neutral to Buy and set a new price target of $17.00
Argus downgraded AT&T from Buy to Hold
Citigroup downgraded AT&T from Buy to Neutral and set a new price target of $16.00 from $22.00 previously
CHICAGO, Nov. 7, 2024 /PRNewswire/ -- United States Cellular Corporation (NYSE:USM) today has announced that it has entered into an agreement with AT&T (NYSE:T) to sell a portion of the Company's retained spectrum licenses for total consideration of $1.018 billion. The transaction is part of the objective UScellular announced on May 28, 2024, to opportunistically monetize the spectrum that was not included in the proposed sale to T-Mobile; and follows the transactions previously announced on October 18, 2024, to sell a portion of the retained spectrum licenses to Verizon and two other mobile network operators. "We are pleased with the significant value that will be realized in the various
DALLAS, Oct. 30, 2024 /PRNewswire/ -- Setting a new standard in business networking with unparalleled fiber and 5G convergence in a single device. Key Takeaways: Market Leadership: In an industry-first move, AT&T is leading the way in converged connectivity by offering a device with AT&T Business Fiber and 5G wireless network integration.Integrated Infrastructure: AT&T's converged solution combines fiber and wireless capabilities, helping provide continuous, reliable connectivity. Seamless Convergence: AT&T's integrated gateway gives customers automatic failover to AT&T's fast wireless network in a single-box solution in the rare case of an internet or fiber outage.What's the news? Beginnin
Corning's Evolv® portfolio will help AT&T expand its fiber network with next-generation solutions AT&T (NYSE:T) today announced a multi-year purchase agreement with Corning Incorporated (NYSE:GLW) to provide next-generation fiber, cable, and connectivity solutions to support the expansion of AT&T's fiber network and help bring high-speed internet to more Americans. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241027311428/en/ AT&T, the largest fiber internet provider in the U.S.*, is expanding its network to bring world-class fiber to more people and places across the country. As Corning's largest customer with preferential vo
More customers choose AT&T as their converged provider for world-class connectivity DALLAS, Oct. 23, 2024 /PRNewswire/ -- AT&T Inc. (NYSE:T) reported third-quarter results that delivered consistent growth in Mobility service and broadband revenues as it attracts high-quality, converged customers in both 5G and fiber. Following its continued performance, the Company reiterates all full-year 2024 consolidated financial guidance. Third-Quarter Consolidated Results Revenues of $30.2 billionDiluted EPS of $(0.03); adjusted EPS* of $0.60 Operating income of $2.1 billion; adjusted operating income* of $6.5 billionNet income of $0.1 billion; adjusted EBITDA* of $11.6 billionCash from operating acti
DALLAS, Oct. 18, 2024 /PRNewswire/ -- Our highly skilled, unionized workforce strongly positions us to grow 5G and fiber. Key Takeaways: AT&T ratifies agreements with the Communications Workers of America (CWA) in the Southeast and West, covering about 23,000 employees.AT&T is proud to be the largest employer of union-represented employees in the U.S. telecommunications industry.AT&T's labor agreements support the company's commitment to employees' total wellbeing by providing wages and benefits that are among the best in the nation.What's the news? AT&T employees represented by the CWA voted to ratify two collective bargaining agreements. The 5-year agreement with CWA District 3 in the Sout
Basildon, October 7, 2024 CNH Industrial N.V. (NYSE:T) today announced that its wholly owned subsidiary, CNH Industrial Capital LLC, has priced $500 million in aggregate principal amount of 4.500% notes due 2027, with an issue price of 99.809%. The offering is expected to close on October 9, 2024, subject to the satisfaction of customary closing conditions. CNH Industrial Capital LLC intends to add the net proceeds from the offering to its general funds and use them for working capital and other general corporate purposes, including, among other things, the purchase of receivables or other assets in the ordinary course of business. The net proceeds may also be applied to repay CNH
DALLAS, Oct. 2, 2024 /PRNewswire/ -- We will host our 2024 AT&T Analyst & Investor Day in-person in Dallas on Tuesday, December 3. Key Takeaways: AT&T to host Analyst & Investor Day on December 3AT&T will simultaneously webcast the event liveAT&T (NYSE:T) announced today that the company will host a 2024 Analyst & Investor Day in Dallas on Tuesday, December 3, 2024, beginning at 2 p.m. EST. The event will include presentations from AT&T's senior leadership team outlining the Company's investment-led growth strategy and capital allocation plans as well as a live Q&A session. A live webcast of the event will be available at AT&T Investor Relations. Following the event, a webcast replay and tra
Will Provide U.S. Consumers with More Flexibility and Better Value in the Highly Competitive Video Industry Currently Dominated by Large Tech Companies and Programmers DIRECTV Will Be Better Able to Work with Programmers to Deliver to Consumers Smaller Content Packages at Lower Price Points Combined Company Will Be Better Able to Bring Together Multiple Content Sources in One Easily Accessible Place Improves EchoStar's Financial Profile as It Continues to Enhance and Further Deploy Its Nationwide 5G Open RAN Wireless Network DIRECTV to Host Conference Call Today at 9:30 AM ET EchoStar to Host Conference Call Today at 8:30 AM ET EL SEGUNDO, Calif. and ENGLEWOOD, Colo., Sept. 30, 2024 /PRNew
DALLAS, Sept. 30, 2024 /PRNewswire/ -- AT&T (NYSE:T) ("the Company") reached an agreement to sell its remaining stake in DIRECTV to TPG. Under the agreement, the Company will sell its entire 70% stake in a non-contingent transaction subject only to customary closing conditions. Over the past three years, the Company achieved financial outcomes consistent with its expectations that underpinned its decision to retain a 70% financial interest in DIRECTV. Reported cash distributions at, and since, the closing of its initial transaction with TPG totaled $19 billion and the Company expects to report an additional $7.6 billion of cash payments following this agreement to sell its remaining stake. T
DALLAS, Sept. 27, 2024 /PRNewswire/ -- The board of directors today declared a quarterly dividend of $0.2775 per share on the company's common shares, payable November 1, 2024. Key Takeaways: The board of directors declared a quarterly dividend of $0.2775 per share on the company's common shares.Dividends on common stock as well as Series A and Series C preferred stock are payable on November 1, 2024.The board of directors of AT&T (NYSE:T) today declared a quarterly dividend of $0.2775 per share on the company's common shares. The board of directors also declared quarterly dividends on the company's 5.000% Perpetual Preferred Stock, Series A and the company's 4.750% Perpetual Preferred Stock
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MYND IMMERSIVE TEAMS WITH AT&T, HTC VIVE, NETGEAR AND SELECT REHABILITATION TO BUILD NATIONAL SPATIAL COMPUTING NETWORK FOR OLDER ADULTS NEW YORK, July 31, 2024 /PRNewswire/ -- Mynd Immersive, a pioneer in the field of delivering immersive therapeutics to older adults, and the CTA Foundation, the non-profit arm of the Consumer Technology Association, are thrilled to announce the launch of the Great American Elderverse™ program, supported by the Steven & Alexandra Cohen Foundation, AT&T, HTC VIVE, NETGEAR, and Select Rehabilitation. This groundbreaking initiative is providing immersive content and technology to underserved and lower-income seniors across the United States, enhancing their qu
AT&T held its annual stockholder meeting. Additional information can be found on the AT&T Investor Relations website. Key Takeaways: AT&T held its annual stockholder meeting on May 16.Each of the 11 nominees to the board of directors were re-elected to a one-year term.Once final voting results are available, they will be filed with the SEC and posted on the AT&T Investor Relations website and on AT&T's proxy website.DALLAS, May 16, 2024 /PRNewswire/ -- AT&T Inc.* (NYSE:T) announced the preliminary results of its annual meeting of stockholders, which was virtually held today in Dallas, Texas. At the meeting, each of the 11 nominees to the company's board of directors were re-elected to a one-
First of its Kind Virtual Reality Initiative to Enrich Lives of Aging Adults in Over 500 Senior Care Communities Nationwide LAS VEGAS, Jan. 9, 2024 /PRNewswire/ -- Mynd Immersive, previously known as MyndVR, is proud to announce the launch of the Great American Elderverse at CES 2024. This groundbreaking national campaign, supported by collaborations with AT&T, HTC VIVE, and the CTA Foundation, is set to transform the lives of millions of older adults across the United States in the years to come. As a starting point, this initiative is intended to introduce Mynd Immersive's virtual reality (VR) therapeutics to over 500 underserved senior care communities, powered by VIVE's expanding product
DALLAS, May 18, 2023 /PRNewswire/ -- AT&T held its annual stockholder meeting. Additional information can be found on the AT&T Investor Relations website. Key Takeaways: AT&T held its annual stockholder meeting.Additional information can be found on the AT&T Investor Relations website and on AT&T's proxy website.Each of the 10 nominees to the board of directors were re-elected to a one-year term.AT&T Inc.* (NYSE:T) announced the preliminary results of its annual meeting of stockholders, which was held today. At the meeting, each of the 10 nominees to the company's board of directors were re-elected to a one-year term. Stockholders also voted to approve the appointment of Ernst & Young as th
AT&T Inc.* ((T) today held its annual meeting of stockholders. At the meeting, each of the 10 nominees to the company's board of directors were reelected for one-year terms. Each member received at least 90.5% of the shares voted. The directors are: William Kennard Beth Mooney Scott Ford Matthew Rose Glenn Hutchins John Stankey Stephen Luczo Cynthia Taylor Michael McCallister Luis Ubiñas Additionally, AT&T stockholders voted to approve the appointment of Ernst & Young LLP as the company's independent auditor (95.1% of votes cast in favor). In an advisory vote, the compensation of AT&T's executive officers, as described in the 20
AT&T* has named its seven appointees to the Warner Bros. Discovery, Inc. Board of Directors as it prepares to spin off WarnerMedia and combine it with Discovery, Inc. As announced in May 2021, the Warner Bros. Discovery Board will consist of 13 members, with six chosen by Discovery and seven chosen by AT&T, including the Chairman of the Board. AT&T Chief Executive Officer John Stankey said: "We are delighted to have assembled a diverse slate of world-class directors for the Warner Bros. Discovery Board. These respected leaders bring a wealth of experience in finance, technology, media and entertainment, international trade, venture capital, and digital and direct-to-consumer platforms tha
At its annual meeting of stockholders today, AT&T Inc.* ((T) announced that each of the 12 nominees to the company's board of directors were reelected for one-year terms. The board members are: William Kennard Samuel Di Piazza, Jr. Scott Ford Glenn Hutchins Debra Lee Stephen Luczo Michael McCallister Beth Mooney Matthew Rose John Stankey Cynthia Taylor Geoffrey Yang Additionally, AT&T stockholders voted to approve the appointment of Ernst & Young LLP as the company's independent auditor (95.8% of votes cast in favor). In an advisory vote, the compensation of AT&T's executive officers, as described in the 2021 proxy statement, received 48.9% of votes cast in favor
NEWPORT NEWS, Va., Jan. 13, 2021 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries’ (NYSE: HII) Technical Solutions division announced today that Vice Adm. Thomas Moore (U.S. Navy, Ret.) has been named vice president of nuclear operations for its Nuclear and Environmental Services business group. He will report to Michael Lempke, president of HII’s Nuclear and Environmental Services business group. As vice president of nuclear operations, Moore will be responsible for the oversight of all nuclear operations activities for Technical Solutions’ Department of Energy portfolio. “Tom’s experience and leadership will build on the strength of an already deeply talented team supporting DOE and w
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Baird increased Apple Inc. (NASDAQ:AAPL) price target from $200 to $240. Baird analyst William Power maintained an Outperform rating. Apple shares fell 0.1% to trade at $218.51 on Thursday. See how other analysts view this stock. Truist Securities raised the price target for ServiceNow, Inc. (NYSE:NOW) from $750 to $780. Truist Securities analyst Joel Fishbein maintained a Hold rating. ServiceNow shares gained 11.9% to trade at $817.75 on Thursday. See how other analysts view this stock. JP Morg
Oppenheimer analyst Timothy Horan maintains AT&T (NYSE:T) with a Outperform and raises the price target from $21 to $23.
8 analysts have shared their evaluations of AT&T (NYSE:T) during the recent three months, expressing a mix of bullish and bearish perspectives. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 4 1 0 0 Last 30D 0 1 0 0 0 1M Ago 2 2 1 0 0 2M Ago 1 0 0 0 0 3M Ago 0 1 0 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $22.0, a high estimate of $26.00, and a low estimate of $18.00. This current average has increase
Barclays analyst Kannan Venkateshwar maintains AT&T (NYSE:T) with a Overweight and raises the price target from $20 to $22.
U.S. stocks traded lower toward the end of trading, with the S&P 500 falling around 100 points on Wednesday. The Dow traded down 0.82% to 40,025.48 while the NASDAQ fell 2.92% to 17,472.06. The S&P 500 also fell, dropping, 1.84% to 5,453.67. Check This Out: Jim Cramer Calls Axsome A ‘Double Or Nothing Stock,’ Says SAP Is ‘Incredible’ Leading and Lagging SectorsUtilities shares jumped by 0.8% on Wednesday. In trading on Wednesday, consumer discretionary shares fell by 3%. Top Headline Shares of AT&T Inc. (NYSE:T) rose around 5% during Wednesday’s session following second-quarter earnings. AT&T reported fiscal second-quarter 2024 operating revenues of $29.8 billion, down
Shares of General Dynamics Corporation (NYSE:GD) fell sharply during Wednesday's session after the company reported worse-than-expected second-quarter EPS results. Revenue for the quarter increased 18% year-over-year to $11.976 billion, beating the consensus of $11.438 billion. EPS of $3.26 (up 20.7% YoY) missed the consensus of $3.29, according to data from Benzinga Pro. General Dynamics shares declined 5.2% to $279.26 on Wednesday. Here are some other stocks moving in today’s mid-day session. Gainers NuZee, Inc. (NASDAQ:NUZE) jumped 192% to $3.01. Dermata Therapeutics, Inc. (NASDAQ:DRMA) rose 142.4% to $3.0799 after falling over 22% on Tuesday. Selina Hospitality PLC
Wall Street experienced a turbulent session on Wednesday, with the S&P 500 index heading toward its worst performance in over a year and the tech-focused Nasdaq 100 eyeing its fifth decline in the last six sessions. The Magnificent Seven group — Microsoft Corp. (NYSE:MSFT), Apple Inc. (NASDAQ:AAPL), NVIDIA Corp., Alphabet Inc., Amazon Inc. (NASDAQ:AMZN), Meta Platforms Inc. (NASDAQ:META) and Tesla, Inc. — wiped out over $570 billion in their combined market valuation by midday trading in New York. The Roundhill Magnificent Seven ETF (NYSE:MAGS) fell 4.9%, marking the worst daily performance since the fund’s inception last year. Tesla shares plummeted over 11% after missing earnings exp
Goldman Sachs analyst James Schneider reiterated a Buy rating on AT&T Inc (NYSE:T) with a price target of $22. AT&T reported fiscal 2024 second-quarter revenue of $29.8 billion — just below Goldman Sachs’s and the Stret’s estimate of $30 billion. Adjusted EBITDA of $11.34 billion was in line with Goldman Sachs’s estimate of $11.37 billion and the Street’s estimate of $11.31 billion. Free cash flow of $4.6 billion was above Goldman Sachs’s estimate at $4.3 billion and the Street at $4.3 billion on lower capital investment. Wireless service revenue of $16.3 billion was in line with Goldman Sachs’s estimate at $16.2 billion, and the Street at $16.2 billion. Postpaid phone ne
U.S. stocks were lower, with the Dow Jones index falling around 350 points on Wednesday. Shares of AT&T Inc. (NYSE:T) rose during Wednesday's session following second-quarter earnings. AT&T reported fiscal second-quarter 2024 operating revenues of $29.8 billion, down 0.4% year over year and missing the analyst consensus estimate of $29.9 billion. Adjusted EPS of 57 cents is in line with the analyst consensus estimate, according to data from Benzinga Pro. AT&T shares gained 3.1% to $18.78 on Wednesday. Here are some other big stocks recording gains in today’s session. PROG Holdings, Inc. (NYSE:PRG) shares jumped 20.4% to $41.71 after the company reported better-than-expected s