Seeking Alpha

AT&T boosts 2014 revenue guidance

  • The Project VIP network transformation plan is ahead of schedule, with AT&T's (T) 4G LTE network now covering 290M people and VIP's broadband build expected to have fiber to more than 400K new business customer locations by the end of Q2.
  • The company raises FY14 revenue growth guidance to 5% from 4%, and reaffirms guidance for stable consolidated margins, adjusted EPS at the low-end of the mid-single digit range, capital expenditures in the $21B area, and free cash flow around $11B.
  • Shares +0.7% premarket
  • Source: Press Release
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Comments (5)
  • J.Hanz
    , contributor
    Comments (24) | Send Message
     
    and the bear case weakens further...
    3 Jun 2014, 07:57 AM Reply Like
  • Tradevestor
    , contributor
    Comments (4106) | Send Message
     
    Well said Hanz.

     

    Here are 5 positives for AT&T:

     

    http://seekingalpha.co...
    3 Jun 2014, 09:30 AM Reply Like
  • jarco
    , contributor
    Comments (1659) | Send Message
     
    Those dissing the DirectTV acquisition need to note Google's announcement to expand their presence on the internet . . . via satellite! Looks like T's management isn't so dumb after all.
    3 Jun 2014, 09:38 AM Reply Like
  • wigit5
    , contributor
    Comments (4216) | Send Message
     
    How is $T down after this?
    3 Jun 2014, 11:01 AM Reply Like
  • mjb0909
    , contributor
    Comments (170) | Send Message
     
    I believe the "bear" just got shot! Or maybe he is in hibernation? Can't be; the winter is over & summer is here so that must be the "bears wearing shorts"; & this announcement makes them very nervous.
    3 Jun 2014, 11:21 PM Reply Like
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