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.

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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 (5014) | Send Message
    Well said Hanz.


    Here are 5 positives for AT&T:

    3 Jun 2014, 09:30 AM Reply Like
  • jarco
    , contributor
    Comments (2262) | 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 (4365) | Send Message
    How is $T down after this?
    3 Jun 2014, 11:01 AM Reply Like
  • mjb0909
    , contributor
    Comments (234) | 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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