2 US wireless carrier, reported a drop in quarterly revenue and unexpectedly lost postpaid subscribers as lower prices for its unlimited plans failed to attract customers in a saturated wireless market.
AT&T (T -0.2%) is up 1.2% now in choppy early postmarket action after reporting Q1 earnings that met profit expectations but recorded a billion-dollar miss on revenues.
Trader's Buzzer: AT&T Inc. (NYSE:T)
AT&T added 2.7 million customers, on a "gross" basis, of which 2.1 million in the USA, driven by the "pre-paid" variety. Phone additions are considered important because they are the most lucrative mobility accounts, and customers with postpaid phone accounts tend to stay longer. AT&T ended Q1 with 14.11 million IP broadband customers and 1.58 million DSL subs. In the competitive consumer wireless market, AT&T has been focused on retaining its most profitable customers and shying away from promotional offers to grab market share.
T-Mobile US Inc TMUS.O and Sprint Corp S.N also offered new unlimited promotions, and AT&T cut the price on its own plan.
Revenue attributed to AT&T's wireless division declined 4.4% year-over-year to $17.2 billion, thanks to lower equipment and services revenue.
Dallas, Texas-based telecom giant's first-quarter profit dropped to $3.56 billion or $0.56 per share from $3.89 billion or $0.61 per share past year. The company said that it had $0.74 in earnings per share (EPS) and $39.4 billion in revenue, versus consensus estimates from Thomson Reuters that called for $0.74 in EPS and $40.57 billion in revenue. Twenty analysts surveyed by Zacks expected $40.66 billion. AT&T also said it had 1.8 million connected devices on the 2G network it shut down in January; those 2G customers were removed from the company's subscriber count at the beginning of the year.
The Giants seem like a good possibility as they need a running back and Adrian Peterson seems likely to sign with the Saints. Unlike the Hogan situation, the Bills will actually get compensation for declining to match the offer sheet to Gillislee.
If there is one game the Blazers can win, it's this one. "We're locked in and we're gonna go out there, gotta give it our all". Portland is 2-12 SU and 6-8 ATS in its last 14 games against Golden State, but only five of those games were at home.
They have the option to swipe right on Sudan's profile , and doing so sends a message featuring a link where users can donate. "It's never ever has been done in rhinos before", Richard Vigne, head of Ol Pejeta Conservancy , told the BBC.
Macron secured 23.9% of the vote in the Sunday election, based on 97% of polling stations to have reported so far. Mr Macron's party spokesman, Benjamin Griveaux, said that Ms Le Pen is hardly a vector of change.
District Court found congressional districts were intentionally drawn in order to discriminate against black and Latino voters . The maps originated in a House redistricting committee made up of 12 Republicans and five Democrats.
The businessman pledged that the steps for his 100-day plan would be implemented when he won the vote to become president. Will he call for real tax reform or just tax cuts? In a more conventional presidency, this approach might work.
IMAGES OF AN ALLEGED iPhone 8 dummy unit have appeared online, complete with an edge-to-edge display and 2.5D glass design. Kuo's assessment adds to the mounting evidence of a delayed - or, at least, severely supply constrained - iPhone 8.
Australian golfer Cameron Smith is two shots off the lead going into the final round of the US PGA Tour's Texas Open. Ryan Palmer, a West Texas native also handled the winds as strong as 25 miles per hour well to shoot four-under 68.
The Prime Minister called a snap General Election that will be going ahead on 8 June earlier this week. Inside Parliament, opposition members of the House accused the Prime Minister of political opportunism.
LVMH will pay 260 euro per share and shareholders can choose to be paid in cash or to get Hermes shares in return. LVMH has announced this morning that it is to integrate the entire Christian Dior label into the luxury group.
It doesn't mean that if there is a player there we might not go take a shot. " This is an important draft for us ". The Browns were 31 of 32 franchises a year ago in total defense, so I think Garrett would also be a good fit.
HSBC Reiterated Barclays PLC (LON:BARC) As 'Buy'
Ashmore Group plc presently has an average rating of Hold and a consensus target price of GBX 321.07 ($4.04). The stock of Headwaters Inc (NYSE:HW) has "Buy" rating given on Thursday, January 28 by Canaccord Genuity.
Google targets 'fake news,' offensive search suggestions
Google is also changing the signals it uses to directly influence rankings, with an eye towards pushing low-quality content down. According to Google , the site sees searches in the trillions each year, with 15% of searches made each day being entirely new.
Larry Bird drives an IndyCar in New York City
Now, a series marked by ill feelings that went so far as Markieff Morris calling Millsap "a crybaby", is down to a best-of-three. Not to say that it's surprising that consistently losing to the same team or person could cause a player to be frustrated.
NFL Draft: Gareon Conley denies rape accusations
She told police that she didn't want to have sex with Conley and felt she could avoid that by agreeing to watch the other couple. Winston as her assailant, the police did not even attempt to interview him for almost two weeks and never obtained his DNA".
Sonny Perdue sworn in as USA agriculture secretary
Perdue will do his best to fulfill these responsibilities by listening to farmers and families in IN and our country". To calm them down, he assured them he will advocate for rural America and he promised to reach out to Democrats.
Turkey's premier calls on opposition to respect referendum
Royce said he was troubled by the observers' initial reports of irregularities and would review the full report when released. The board's decision to accept ballots without official stamps was like "changing the rules midgame", he said.
'The Fate of the Furious' laps new films at box office
Studio estimates Sunday say the eighth installment in the "Fast and the Furious" franchise earned $38.7 million over the weekend. So far The Fate of the Furious has earned $ 685 million worldwide as it hits its seconds weekend of release .
Nadal makes history with 10th Monte Carlo win
I thought I played very, very well for a set and a half, from the start of the second set", the 12-time Grand Slam victor said. With the win, the 33-year-old also became the first man to win 50 titles on clay and took his career title tally to 70.
PPG Industries ups bid for Akzo Nobel to $28.8B
Activist shareholder Elliott Management has been pressing the two paints producers to enter negotiations. But it has come under pressure from Elliott Management, the US hedge fund founded by billionaire Paul E.
Nadal claims record-extending 10th Monte Carlo title
The Spaniard beat his compatriot Albert Ramos-Vinolas in straight sets, and will be hoping to carry his form into the French Open. Now Goffin stands between Nadal once again reaching the final and having a shot at his 10th tournament title.
For second time this week, Trump jabs at Canada over trade
Canada quickly sought to re-establish the "facts" after US President Donald Trump's attack on Canadian milk producers on Tuesday. President Donald Trump's charge that it is milking American dairy farmers through unfair trade practices is not based in fact.
3 children, 2 adults killed in Queens Village house fire
Two firefighters were injured in the blaze as well, but the extent of their injuries were not clear, an FDNY spokesman said. The fire was under investigation on Sunday afternoon, but a source said criminality was not suspected.