How Verizon became the Dow's worst stock [CNN]
AT&T Inc. (T)
Last at&t inc. earnings: 4/22 06:54 am
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Source: CNN
New York (CNN Business) Overall, the Dow is up about 16% in 2021, making Verizon's underperformance really stand out. (Biotech Amgen , another Dow component, is also down nearly 10% this year.) Even though profits were better than expected and shares rose about 2% Wednesday, Verizon may still find it difficult to excite Wall Street much longer. Sales growth remains sluggish and the company's revenues grew just 4% from a year ago, missing estimates. Verizon is stuck in a highly competitive wireless business where companies have to fight for subscribers and often have to resort to low prices to attract users. It doesn't help that many consumers are increasingly content to hold on to older phones for longer periods of time before upgrading — even as Apple Samsung and others keep churning out new models. As such, Verizon isn't the only telecom that's struggling. Rivals AT&T (which owns CNN's parent company, WarnerMedia) and T-Mobile are languishing this year too. Bo
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News
- AT&T Is Rising From Missteps [Forbes]Forbes
- Why AT&T Stock Ticked Up Today [Yahoo! Finance]Yahoo! Finance
- AT&T (T) Q1 Earnings Beat Estimates, Revenues Remain Flat Y/Y [Yahoo! Finance]Yahoo! Finance
- Brent Montgomery's Wheelhouse Raises Cash from Jeff Bewkes and Kevin Tsujihara's Fund [Yahoo! Finance]Yahoo! Finance
- AT&T; (T) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
T
Earnings
- 4/24/24 - Beat
T
Sec Filings
- 4/24/24 - Form 8-K
- 4/24/24 - Form 8-K
- 4/16/24 - Form PX14A6G
- T's page on the SEC website