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AT&T raises full-year revenue outlook for second time

2014-06-03 16:43:05| Telecom - Topix.net

AT&T Inc raised its full-year revenue forecast for a second time, citing strong growth in its wireless business.

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Estée Lauder Raises Earnings Outlook

2014-05-02 18:36:38| Happi Breaking News

New skin care and makeup products will propel gains.

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Sprint raises EBITDA outlook, loses customers in Q1

2014-04-29 13:30:00| Telecompaper Headlines

(Telecompaper) Sprint raised its forecast for adjusted EBITDA this year after reporting a strong first quarter. The US mobile operator now expects a result of USD 6.7-6.9 billion in 2014, versus an earlier outlook of USD 6.5-6.7 billion. In Q1, adjusted EBITDA rose 22 percent year-on-year to USD 1.84 billion, while the net loss narrowed significantly to USD 177 million. The improvement was due to lower handset subsidies, as the company moved to installment payments, as well as lower customer care and service costs. Revenues increased marginally, to USD 8.88 billion from USD 8.79 billion a year ago, due to weaker wireline revenues and the shutdown of the Nextel network. In the first three months of the year, Sprint lost a net 467,000 customers, including 333,000 postpaid and 415,000 prepaid. It blamed the losses on service disruptions due to its ongoing network upgrade as well as changes to the Lifeline programme. Only the wholesale base grew, by 281,000 customers. In total, the operator had 55.887 million customers at the end of March, down from 55.211 million a year ago. Retail ARPU fell both in prepaid and postpaid compared to the fourth quarter, to USD 62.98 per postpaid customer and USD 27.07 in prepaid.

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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.

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