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- AT&T shares fall after earnings
-
- Founded: 1885
- Headquarters: Whitacre Tower, Dallas, Texas, United States
- Number of employees: 160,700 (2023)
- Industry: Telecommunications, Technology
- Key people: William Kennard (Chairman), John Stankey (CEO)
- 5 day: +1.71%
- 1 month: +0.66%
- 3 months: +9.87%
- Year-to-date: -0.54%
- 1 year: -18.27%
- Oppenheimer: $21
- Wells Fargo & Company: $20
- Royal Bank of Canada: $30
- Citigroup: $18
- Morgan Stanley: $19
- Scotiabank: $18.50
- JP Morgan Chase & Co.: 17
- Deutsche Bank: $22
- Barclays: $17
- Moffett Nathanson: $17
- HSBC: $19
- TD Cowen: $23
- Raymond James: $25
- Cowen: $25
- Credit Suisse Group: $19
- Volatility never sleeps. Trade over earnings releases as they happen outside of main trading hours
- Reduce your risk and hedge your existing positions ahead of a new trading day
- Extended trading hours on popular US stocks means extended opportunities
News & AnalysisUS telecommunications giant, AT&T Inc. (NYSE: T), released its latest financial results before the opening bell in Wall Street on Wednesday.
The company reported revenue of $32.022 billion for Q4 2023 vs. $31.457 billion. Revenue was up by 2.2% year-over-year.
Earnings per share (EPS) fell short of analyst estimate of $0.557 per share at $0.54 per share for the quarter, down by 12.96% year-over-year.
Full year revenue reached $122.4 billion, up by 1.4% vs. 2022.
Company overview
CEO commentary
”We accomplished exactly what we said we would in 2023, delivering sustainable growth and consistent business performance, resulting in full-year free cash flow of $16.8 billion, ahead of our raised guidance. As we advance our lead in converged connectivity, we will continue to scale our best-in-class 5G and fiber networks to meet customers’ growing demand for seamless, ubiquitous broadband, and drive durable growth for shareholders,” John Stankey, CEO of AT&T, said in a statement to investors.
Stock reaction
The stock was down by 2.97% at the end of trading day on Wednesday at $16.68 a share.
Stock performance
AT&T stock price targets
AT&T Inc. is the 115th largest company in the world with a market cap of $119.33 billion, according to CompaniesMarketCap.
You can trade AT&T Inc. (NYSE: T) and many other stocks from the NYSE, NASDAQ, HKEX and ASX with GO Markets as a Share CFD on the MetaTrader 5 platform. To find out more, go to ”Trading” then select ”Share CFDs”.
GO Markets offers pre-market and after-market trading on popular US Share CFDs.
Why trade during extended hours?
Sources: AT&T Inc., TradingView, MarketWatch, MarketBeat, CompaniesMarketCap
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Disclaimer: Articles are from GO Markets analysts and contributors and are based on their independent analysis or personal experiences. Views, opinions or trading styles expressed are their own, and should not be taken as either representative of or shared by GO Markets. Advice, if any, is of a ‘general’ nature and not based on your personal objectives, financial situation or needs. Consider how appropriate the advice, if any, is to your objectives, financial situation and needs, before acting on the advice. If the advice relates to acquiring a particular financial product, you should obtain and consider the Product Disclosure Statement (PDS) and Financial Services Guide (FSG) for that product before making any decisions.
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