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 ...

Key TakeawaysAT&T added 419,000 new monthly postpaid customers, more than analysts projected.The company missed expectations slightly on earnings and revenue.The FCC on Monday released a report faulting AT&T for a network outage in February. AT&T (T) shares rose Wednesday after the company reported second quarter results buoyed by more new subscribers than analysts expected. The telecommunications titan reported 419,000 new postpaid subscribers, well above the 251,800 expected by analysts, according to Visi ...

FangXiaNuo We became aggressive buyers of AT&T Inc. (NYSE:T) sub $15 and moved to a house position recently when the stock eclipsed our $19 price objective on the trade. We plan to hold those shares for an investing lifetime, collecting future dividends, spinoffs, gains, etc. With the bountiful yield, letting that profit run is a real wealth-building tool. Earlier this month, we outlined our expectations for Q2 earnings. In this column, with AT&T having just reported this morning, we review the performance ...

Shares of AT&T Inc (NYSE:T) are up 3.9% at $18.93 at last glance, earlier as high as $19.08, after the telecommunication name's second-quarter earnings report. The company reiterated its full-year forecast and posted mixed results, with earnings beating estimates while revenue came in below expectations. Giving the stock a boost, however, is a reported additional 419,000 wireless phone subscribers with monthly bills, as its higher-priced plan attracted customers. Today's pop is bringing AT&T stock closer to ...

AT&T (T) reported $29.8 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 0.4%. EPS of $0.57 for the same period compares to $0.63 a year ago. The reported revenue represents a surprise of -1.17% over the Zacks Consensus Estimate of $30.15 billion. With the consensus EPS estimate being $0.58, the EPS surprise was -1.72%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectatio ...

AT&T Inc. (T) reported modest second-quarter 2024 results, as solid wireless traction and customer additions were partially offset by lower demand for legacy voice and data services. The company recorded strong subscriber growth backed by a resilient business model and robust cash flow position, driven by a diligent execution of operational plans. AT&T expects to continue investing in key areas of 5G and fiber and adjust its business according to the evolving market scenario to fuel long-term growth.Net Inc ...

AT&T Inc. Financial Data Consolidated Statements of Income Dollars in millions except per share amounts | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------------------|-------|----------------|--------|-----------|------------------|--------|---------| | Unaudited | | Second Quarter | | Percent | Six-Month Period | | Percent | | | | 2024 | 2023 | Change | 2024 | 2023 | Change | | Operating Revenues | | | | | | | | | Service | $ | 25,006 $ | 24,850 | 0.6 % $ | 49,848 ...