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Stock impact report

AT&T pulls 2020 financial forecast as coronavirus clouds business [Reuters]

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: Reuters
AT&T pulls 2020 financial forecast as coronavirus clouds business (Reuters) - AT&T Inc ( T.N ) pulled its financial forecast for the year on Wednesday as the impact of the coronavirus pandemic clouded its view for the foreseeable future. Although the company reported revenue and profit per share that was short of Wall Street expectations in the first quarter, a surge in new phone subscribers sent shares up 1.5% in morning trading. The U.S. telecom and media giant warned that the current quarter would demonstrate the full impact of nationwide stay-at-home mandates aimed at curbing the spread of the novel coronavirus, which only affected the company’s results during the last two weeks of March. The Dallas-based phone giant is the first of the big U.S. communications companies to report quarterly results, providing a glimpse into the resilience and challenges faced by the telecoms sector during the coronavirus pandemic. AT&T said the pandemic reduced earnings by 5 cents per share in th Show less Read more
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