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0 0 0.000337952010814517 -0.000337952010814397 -0.00135180804325783 0.00101385603244343 -0.000337952010814397 -0.00321054410273737
Stock impact report

AT&T's Earnings: Half Empty And Half Full [Forbes]

AT&T Inc. (T) 
Last at&t inc. earnings: 4/22 06:54 am Check Earnings Report
US:NYSE Investor Relations: en.wiktionary.org/wiki/at
Company Research Source: Forbes
First the bad news:AT&T Inc’sRevenue dropped 4.5 percent, reversing a trend of quarterly increases. Entertainment group sales and EBITDA fell 7.2 percent and 6.3 percent, respectively, spurred by 22.8 percent lower cash flow from the Warner unit.Latin America EBITDA sank 26.8 percent, in large part due to $300 million in foreign currency losses. Advertising revenue dropped 13 percent. And equipment sales in March plummeted 25 percent from the year ago month, due to record low wireless phone upgrades.AT&T’s pay television unit lost another 897,000 customers. And management bolstered reserves by $250 mil for potential unpaid bills, while cancelling previous 2020 earnings guidance due to COVID-19 related uncertainty.Today In:AT&T retail store in Miami. (AP Photo/Lynne Sladky)ASSOCIATED PRESSNow the good news: All-important wireless service revenue increased 2.5 percent, spurring a 7 percent lift in EBITDA. Wireless phone customer churn dropped 6 basis points to just 0.86 percent. The co Show less Read more
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