AT&T Inc. (T) - NYSE
  • Aug. 2, 2012, 2:05 PM
    How alarming is DirecTV's (DTV -1.9%) first-ever decline in U.S. subscribers? The drop of 52K subscribers wasn't gigantic in the context of the 19.91M customers it still retained, but with streaming options continuing to draw interest it is of note that the company is increasingly relying on Latin America to hammer out results.
    | Aug. 2, 2012, 2:05 PM | 9 Comments
  • Aug. 2, 2012, 9:58 AM

    AT&T (T) is acquiring troubled spectrum owner NextWave Wireless (WAVE +456%) at a cost of up to $600M ($500M in assumed debt, $25M cash, $25M contingent payment). NextWave owns spectrum in the widely-used AWS band, as well as in the WCS band, which AT&T is petitioning to be opened up for 4G services. Expect the acquisition to be closely scrutinized by the FCC, given its recent actions, and its long history with NextWave.

    | Aug. 2, 2012, 9:58 AM
  • Aug. 2, 2012, 8:34 AM

    More on DirecTV (DTV): Net subscribers declined by 52K due to lower gross subscriber additions that were only partially offset by a reduction in the average monthly churn rate. Results in Latin America strong, with 645K net additions and 20% revenue growth. Free cash flow $527M, compared to $320M a year ago. (PR)

    | Aug. 2, 2012, 8:34 AM | 1 Comment
  • Aug. 2, 2012, 8:22 AM
    DirecTV Group (DTV): Q2 EPS of $1.09 misses by $0.04. Revenue of $7.22B (+9.5% Y/Y) in-line. Shares -2.4% premarket. (PR)
    | Aug. 2, 2012, 8:22 AM
  • Aug. 2, 2012, 12:05 AM

    Notable earnings before Thursday’s open: AEE, APA, ARIA, BDX, CAH, CI, CNP, DNR, DTV, DUK, ENB, GM, INCY, K, MFA, NNN, OCN, PGN, PH, PRX, PWR, PXP, RDC, SBH, SE, SEE, SHO, SNE, SRE, TDC, TE, TEVA, TIE, TWC, UPL, VIAB, VRX, WNR, XEL

    | Aug. 2, 2012, 12:05 AM
  • Aug. 1, 2012, 5:30 PM

    Notable earnings before Thursday’s open: AEE, APA, ARIA, BDX, CAH, CI, CNP, DNR, DTV, DUK, ENB, GM, INCY, K, MFA, NNN, OCN, PGN, PH, PRX, PWR, PXP, RDC, SBH, SE, SEE, SHO, SNE, SRE, TDC, TE, TEVA, TIE, TWC, UPL, VIAB, VRX, WNR, XEL

    | Aug. 1, 2012, 5:30 PM
  • Aug. 1, 2012, 11:36 AM
    AT&T (T) has reportedly been instructing store managers to discourage customers from buying iPhones (AAPL), and instead steer them towards Android and Windows Phone devices. The iPhone's higher subsidies, and AT&T's efforts to reduce subsidy expenses, could be the reason. Verizon has also been trying to lower iPhone sales, reportedly in order to migrate users to its 4G network. AT&T's iPhone sales fell 14% Q/Q in Q2 to 3.7M.
    | Aug. 1, 2012, 11:36 AM | 61 Comments
  • Jul. 31, 2012, 6:17 PM

    AT&T (T) director Scott Ford, who was added to the board a month ago, has bought 55K shares at a price of $37.43. CEO Randall Stephenson recently sold 220K shares obtained through stock options.

    | Jul. 31, 2012, 6:17 PM | 1 Comment
  • Jul. 31, 2012, 5:10 PM
    As part of a settlement with the FCC, Verizon Wireless (VZ, VOD) has agreed to stop blocking its customers from downloading tethering and mobile hotspot apps from Android Market. The settlement threatens Verizon's lucrative hotspot and 4G modem subscriptions. A similar deal with AT&T (T) could soon follow. Apple has thus far blocked tethering/hotspot apps from the App Store at the request of carriers.
    | Jul. 31, 2012, 5:10 PM | 4 Comments
  • Jul. 30, 2012, 7:12 PM
    In spite of growing 4G deployments, Infonetics forecasts global mobile capex will be roughly flat from 2012 to 2016. One reason: AT&T and Verizon have been steadily reducing their capex/revenue ratio, even if growth is harmed. Also, European carriers, struggling with macro and debt woes, have become 4G laggards. In the crosshairs, assuming data traffic doesn't force carriers to spend more, are infrastructure vendors such as Ericsson (ERIC), Alcatel-Lucent (ALU), and Nokia Siemens (NOK, SI).
    | Jul. 30, 2012, 7:12 PM | 3 Comments
  • Jul. 27, 2012, 4:53 PM

    AT&T (T) continues its strategy of boosting near-term EPS by making huge stock buybacks and keeping capex down. Ma Bell just added 300M shares (5.2% of outstanding shares) to its stock buyback program. The company repurchased 75.8M shares in Q2, and 67.7M in Q1 - those purchases were a big reason why AT&T beat Q2 EPS estimates in spite of a revenue miss. T +1.2% AH. (PR)

    | Jul. 27, 2012, 4:53 PM | 2 Comments
  • Jul. 27, 2012, 1:23 PM

    Like Sprint, MetroPCS (PCS +4.7%) is rising on an upgrade a day after soaring thanks to a positive earnings report. Deutsche's reasons for lifting PCS to Buy: it thinks new 4G devices can produce a "sharper than anticipated return" to subscriber and ARPU growth; it believes the company has several "strategic alternatives," such as spectrum deals and a buyout; and shares trade at a 30% discount to larger peers. Leap Wireless (LEAP +7.5%) is also rallying.

    | Jul. 27, 2012, 1:23 PM
  • Jul. 26, 2012, 10:41 AM

    MetroPCS (PCS +33.3%) soars after delivering a Q2 report that beat depressed expectations. The discount carrier lost 186K subs during the quarter and saw churn rise 30 bps to 3.4%, but the Street was already expecting such figures. But it might not have expected MetroPCS' ARPU to edge higher to $40.62, its cost per gross addition to fall $44 Q/Q to $191, or its adjusted EBITDA to increase $215M Q/Q to $477M. LEAP +9.1% in sympathy. (PR)

    | Jul. 26, 2012, 10:41 AM
  • Jul. 24, 2012, 11:01 AM
    AT&T (T -1.9%), which has had a strong 2012 run-up, has turned negative following a mixed Q2 report. While the wireless division saw higher margins, rising ARPUs, and lower churn to go with 1.3M net adds (320K postpaid), wireline revenue fell 0.8% Y/Y, and U-Verse subscriber adds slipped from Q1 levels. Also, smartphone sales fell 7% Q/Q to 5.1M (iPhones -14% to 3.7M) - positive for near-term margins, but negative for long-term growth - and EPS was boosted by $2.5B worth of buybacks.
    | Jul. 24, 2012, 11:01 AM | 3 Comments
  • Jul. 24, 2012, 7:43 AM

    More on AT&T (T): Earnings +10% Y/Y. Wireless operating income margin 30.3% from 26.9% last year. Wireless EBITDA service margin 45% from 41.1% last year. 5.1M smartphone sales, 3.7M iPhone activations. 61.9% of postpaid subscribers have smartphones, from 49.9% last year. Shares +1.5% premarket. (PR)

    | Jul. 24, 2012, 7:43 AM | 2 Comments
  • Jul. 24, 2012, 7:31 AM
    AT&T (T): Q2 EPS of $0.66 beats by $0.03. Revenue of $31.6B (+0.3% Y/Y) misses by $100M. (PR)
    | Jul. 24, 2012, 7:31 AM
Company Description
AT&T, Inc. provides telecommunication services and products, including wireless communications, local exchange services, long-distance services, data/broadband and Internet services, video services, telecommunications equipment, managed networking and wholesale services. It operates business... More
Sector: Technology
Industry: Telecom Services - Domestic
Country: United States