AT&T shares soared 5%,beats Earnings Forecast

Tiger Newspress2021-04-22

AT&T shares soared 5% today,as beats Earnings Forecast.

AT&T Inc (T) -Get Report posted stronger-than-expected first quarter earnings Thursday as its HBO Max streaming service added more subscribers and wireless additions more than doubled Wall Street forecasts.

AT&T said adjusted earnings for the three months ending in March were pegged at 86 cents per share, up 2.4% from the same period last year and 8 cents ahead of the Street consensus forecast. Group revenues, the company said, rose 2.7% to $43.9 billion, a figure that beat analysts' estimates of a $42.4 billion tally.

AT&T said it added 2.7 million U.S. subscribers to its HBO Max streaming service, taking the quarter-end total to 44.2 million -- and 64 million worldwide -- as it continues to challenge its larger rival Netflix (NFLX) -Get Report for new additions.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • 股王好
    2021-04-24
    股王好
    Strong
  • reeve
    2021-04-22
    reeve
    Why isn't VZ moving? 
  • Dwnt
    2021-04-22
    Dwnt
    [微笑] 
  • VernardChin
    2021-04-22
    VernardChin
    Woah this is great!
  • WeiMin
    2021-04-22
    WeiMin
    Strong!
  • 5福临门
    2021-04-22
    5福临门
    Good start keep it up !
Leave a comment
18