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AT&T raises FY outlook as DirecTV boosts results
2015-10-23 07:53:00| Telecompaper Headlines
(Telecompaper) AT&T reported third-quarter revenues up nearly 19 percent year-on-year to USD 39.1 billion, driven by its acquisition of DirecTV. Adjusted operating profit rose to USD 7.9 billion versus USD 5.9 billion a year ago, and the margin rose 250 basis points to 20.3 percent. One-time costs for the takeover and decommissioning of the former Leap network led to a drop in earnings, to USD 0.50 per share from USD 0.60 a year ago. Adjusted EPS, excluding the extra costs, rose almost 14 percent to USD 0.74. AT&T raised its outlook for full-year adjusted EPS to USD 2.68-2.74 and also increased its free cash flow target to at least USD 15 billion, after generating USD 5.5 billion in Q3 alone.
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Category:Telecommunications