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AT&T (T)
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AT&T : says hurricanes, earthquakes hurt third-quarter results

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10/12/2017 | 12:42am CEST
File photo of the signage for an AT&T store is seen in New York

AT&T Inc said on Wednesday that its third-quarter results took a hit from a string of hurricanes that tore into parts of the United states and earthquakes in Mexico.

The No. 2 U.S. wireless carrier said third-quarter consolidated revenue was hurt by about $90 million and pre-tax earnings by about $210 million (158.84 million pounds), or 2 cents per share. (http://bit.ly/2ydgmfm)

AT&T also said it lost about 90,000 U.S. video subscribers in the quarter due to intense competition in traditional pay TV markets as well as the impact of the recent hurricanes.

"Several devastating hurricanes, as well as earthquakes in Mexico, significantly impacted certain regions of our service area during the third quarter," the company said.

"We expect further reductions in the fourth quarter as we continue to assess damage to our network and fully restore service," it added.

However, the company reiterated its full-year forecast of mid-single digit growth in adjusted earnings and capital expenditures in the $22 billion range.

The company's shares fell marginally in extended trading on Wednesday.

(Reporting by Laharee Chatterjee; Editing by Shounak Dasgupta)

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Financials ($)
Sales 2017 161 B
EBIT 2017 28 922 M
Net income 2017 14 664 M
Debt 2017 115 B
Yield 2017 5,52%
P/E ratio 2017 15,12
P/E ratio 2018 13,86
EV / Sales 2017 2,07x
EV / Sales 2018 2,04x
Capitalization 219 B
Chart AT&T
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AT&T Technical Analysis Chart | T | US00206R1023 | 4-Traders
Technical analysis trends AT&T
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 29
Average target price 41,0 $
Spread / Average Target 15%
EPS Revisions
Managers
NameTitle
Randall L. Stephenson Chairman, President & Chief Executive Officer
John J. Stephens Chief Financial & Principal Accounting Officer
Joyce M. Roché Independent Director
Laura D'Andrea Tyson Independent Director
Matthew K. Rose Lead Independent Director
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