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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • AT&T Exceeds Analyst Expectations 0 comments
    Oct 24, 2013 9:41 AM | about stocks: T, TMUS, VZ, S

    Originally published at www.seclive.com

    Filing in Focus: AT&T 8-K, October 23, 2013

    AT&T, Inc. (NYSE:T) announced financial results that exceeded analyst expectations, as the second-largest U.S. wireless carrier reported increases in sales and revenue. Sales increased 2.2% to $32.2B, which was consistent with analyst estimates. Most notably, the company added 363,000 new customers this quarter, as opposed to the 151,000 this same period a year ago. AT&T has been spending money to upgrade its network and better compete against the other large carriers including Verizon (NYSE:VZ), T-Mobile (NYSE:TMUS), and Sprint (NYSE:S). With recent 4G LTE technology becoming more common as all carriers work to improve their networks, marketplace competition is heating up as Verizon added 927,000 and T-Mobile added 401,000 new subscribers during the quarter. AT&T earnings increased 4.9% from $3.64B and $0.63 per share to $3.81B and $0.72 per share.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: financial results, earnings, form 8-K Stocks: T, TMUS, VZ, S
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