A string of subpar second-quarter earnings reports is hurting the stock market. The technology-laden Nasdaq index fell 3% (more than 500 points) after the initial financial results from mega-cap tech companies disappointed. However, the poor results are by no means limited to technology concerns.Restaurants, airlines, healthcare companies and some financial institutions have delivered earnings disappointments since the start of July, contributing to the market volatility that has characterized the start of ...

AT&T and Verizon offer attractive dividend yields, but their financial health and growth prospects differ, presenting investors with a choice between AT&T's lower payout ratio and Verizon's stronger revenue growth.AT&T (T 5.22%) and Verizon Communications (VZ 2.01%) are two telecom giants favored by many income investors for their exceptionally high yields. These companies have been transforming their businesses, focusing on 5G wireless technology and fiber broadband expansion.Which of these high-yield divi ...

Customers are slow to upgrade devices, but AT&T is still gaining plenty of new subscribers.Coming a few days after a mixed earnings report from rival Verizon Communications, AT&T's (T 5.22%) second-quarter report suffered from a similar problem. Wireless customers have been slow to upgrade their smartphones, leading to lower equipment revenue for the wireless leaders.AT&T saw equipment revenue drop 5.8% year over year in the second quarter, enough to cause the company to miss analyst expectations. But unlik ...

AT&T is finding that by offering both mobility and broadband services, it’s gaining and retaining more customers.The company added 419,000 postpaid phone subscribers during the second quarter, up from 326,000 during the same quarter a year earlier, executives said Wednesday (July 24) during the company’s quarterly earnings call.“This put us modestly ahead of last year’s pace despite ongoing wireless market normalization,” John Stankey, president, CEO and director of AT&T, said during the call.The company’s ...

AT&T added new subscribers hand over fist in the second quarter, and free cash flow is rising.Shares of the telecommunications giant AT&T (T 4.92%) popped this morning after the company released second-quarter results showing strong subscriber growth and impressive free cash flow.AT&T's stock was up 4.9% as of 11:56 a.m. EDT.New subscribers and rising free cash flowAT&T's earnings and revenue were nothing to write home about this quarter. Sales fell slightly to $29.8 billion and were below analysts' consens ...

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 HeadlineShares of AT&T Inc. T rose a ...

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 ...

jetcityimageAT&T's stock (NYSE:T) has been on a consistent uptrend this year, albeit trailing the broader S&P 500 (SP500) index. And the company’s latest earnings results, which highlight resilient service revenue growth – particularly postpaid phone and fiber uptake – continues to provide tangible fundamental support to its persistent valuation upsurge. Despite its slight revenue miss, AT&T has continued to deliver substantial net adds across its core postpaid phone and fiber businesses, while benefitt ...

AT&T Inc. (NYSE:T) Q2 2024 Earnings Conference Call July 24, 2024 8:30 AM ET Company Participants Brett Feldman - SVP, Finance and IR John Stankey - CEO Pascal Desroches - CFO Conference Call Participants John Hodulik - UBS Simon Flannery - Morgan Stanley Jim Schneider - Goldman Sachs David Barden - Bank of America Sebastiano Petti - JPMorgan Michael Rollins - Citi Bryan Kraft - Deutsche Bank Operator Welcome to AT&T's Second Quarter 2024 Earnings Call. [Operator Instructions] And as a reminder, this confer ...

Goldman Sachs analyst James Schneider reiterated a Buy rating on AT&T Inc 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 inv ...