AT&T (T) Releases Earnings Results, Beats Expectations By $0.03 EPS

AT&T (T) reported quarterly earnings results on Tuesday, Apr-26-2016. The company said it had a profit of $0.72 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.69. The company posted revenue of $40535.00 million in the period, compared to analysts expectations of $40402.73 million. The company’s revenue was up 24.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS.

Many Wall Street Analysts have commented on AT&T. Company shares were Reiterated by Nomura on Apr 19, 2016 to “Buy”, Firm has raised the Price Target to $ 44 from a previous price target of $39 .Company shares were Reiterated by Barclays on Apr 18, 2016 to “Overweight”, Firm has raised the Price Target to $ 42 from a previous price target of $40 .AT&T was Initiated by Macquarie to “Outperform” on Apr 5, 2016.

AT&T opened for trading at $37.85 and hit $38.165 on the upside on Friday, eventually ending the session at $38.07, with a gain of 0.55% or 0.21 points. The heightened volatility saw the trading volume jump to 2,43,00,177 shares. Company has a market cap of $234,177 M.

In a different news, on Aug 25, 2015, Michael B Mccallister (director) purchased 10,000 shares at $32.92 per share price. According to the SEC, on Aug 4, 2015, Beth E Mooney (director) purchased 10,000 shares at $34.65 per share price. On Jul 29, 2015, John T Stankey (CEO?AT&T Entm’t & Intrnt Srvcs) sold 2,595 shares at $34.43 per share price, according to the Form-4 filing with the securities and exchange commission.

AT&T Inc. is a holding company. The Company provides telecommunications services. Its services and products include wireless communications data/broadband and Internet services video services local exchange services long-distance services telecommunications equipment managed networking and wholesale services. Its segments include Wireless Wireline and International. Its wireless subsidiaries provide both wireless voice and data communication services. The wireline subsidiaries provide landline data and voice communication services AT&T U-verse broadband video and voice services (U-verse) and managed networking. Its International segment uses the Iusacell and Unefon regional and national networks to provide wireless data and voice communication services. Its International segment also utilizes the networks of Nextel Mexico to provide similar services. Through its subsidiary DIRECTV Group Holdings LLC it provides pay television in the United States and across the world.


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