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AT&T margin weakness fuels concern about U.S. cellular sector

2014-04-23 20:31:14| IT Services - Topix.net

Increasingly aggressive discounting is taking a toll on AT&T Inc and U.S. cellular rivals as they struggle to attract customers in a nearly saturated market.

Tags: sector att concern cellular

 

AT&T eyes high-speed Internet in 100 cities

2014-04-23 17:46:45| Telecom - Topix.net

AT&T has announced a plan that could see high-speed fiber Internet networks rolled out in as many as 100 cities in 21 metro regions throughout the United States.

Tags: internet eyes cities att

 
 

After Hours: Gilead shares climb; AT&T, Amgen shares fall

2014-04-23 11:34:57| Biotech - Topix.net

Gilead Sciences Inc., AT&T Inc. and Amgen Inc. were among the stocks actively trading Tuesday evening, with shares of Gilead climbing after handily beating Wall Street's quarterly earnings and revenue expectations and reporting a sales surge for its new hepatitis C treatment.

Tags: hours fall att shares

 

AT&T raises FY outlook after strong Q1

2014-04-23 09:03:00| Telecompaper Headlines

(Telecompaper) AT&T raised its sales growth forecast for the full year after a strong first-quarter performance. Revenues in the first three months of the year rose 3.6 percent to USD 32.5 billion, its strongest growth in two years, and the US operator now expects to achieve at least 4 percent growth over the full year. The operating margin improved to 19.3 percent from 18.9 a year ago, and net profit rose to USD 3.7 billion or 70 cents a share, from USD 3.7 billion or 67 cents a share. Adjusting for USD 0.01 per share of Leap transaction-related costs, EPS rose to USD 0.71 from USD 0.64 in the year-ago quarter, an increase of almost 11 percent. The Leap takeover closed on 13 March. AT&T expects USD 1.2 billion in integration costs for the acquisition in the next two years, while the takeover will have a negative impact of USD 0.05 on EPS this year. Despite this, AT&T still expects stable margins this year and mid-single digit growth in adjusted EPS. The operator forecast capital expenditures around USD 21 billion in 2014, after USD 5.8 billion in Q1, and free cash flow of USD 11 billion over the full year, versus USD 3.0 billion in Q1. 

Tags: strong att outlook raises

 

AT&T reports strong Q1 mobile performance

2014-04-23 02:00:00| Total Telecom industry news

U.S. telco giant adds 625,000 contract customers; wireless revenues grow 7%.

Tags: mobile performance reports strong

 

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