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Stock impact report

AT&T Releases Weak 1Q20 Results, But Ample Cash to Support Dividend [Yahoo! Finance News]

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
AT&T Most notably, revenue declined 4.6% year-over-year, 2% worse than expected, mostly due to lower growth at WarnerMedia and Latin America. The company also posted EBITDA 1.7% below consensus, and EPS of $0.84 a penny below.Meanwhile capex of $4.97B came in 2.8% above consensus, while FCF of $3.90B was 24% below. However, AT&T did add 163,000 postpaid phone subscribers, doubling from 80,000 in the same period last year.“The COVID pandemic had a 5 cents per share impact on our first quarter,” said Randall Stephenson, AT&T Chairman and CEO. “We have a strong cash position, a strong balance sheet, and our core businesses are solid and continue to generate good free cash flow — even in today’s environment,”“As a result, we’re able to continue investing in critical growth areas like 5G, broadband and HBO Max, while maintaining our dividend commitment and paying down debt” he told investors.At the same time, due to the lack of visibility related to the COVID-19 pandemic and recovery, the Show less Read more
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