AT&T Sees Certain Trends Affecting 3Q; Affirms Cash Flow, Leverage Goals

Date : 09/11/2019 @ 10:54PM
Source : Dow Jones News
Stock : AT&T Inc (T)
Quote : 38.29  -0.26 (-0.67%) @ 7:13PM
AT&T share price Chart

AT&T Sees Certain Trends Affecting 3Q; Affirms Cash Flow, Leverage Goals

Historical Stock Chart

6 Months : From Aug 2019 to Feb 2020

Click Here for more AT&T Charts.

By Josh Beckerman


AT&T Inc. (T) said third-quarter revenue will be affected by trends including lower wireless-equipment revenue driven by low upgrade rates.

The company also said WarnerMedia faces a tough comparison to last year's third quarter, which included strong box-office results from "Crazy Rich Asians" and "The Meg."

In a shareholder update following a conference presentation, AT&T said it continues to expect free cash flow in the $28 billion range for full-year 2019.

AT&T said that "given the company's confidence in reaching its leverage target, investors should expect share buybacks will be in the mix this year."

The company noted that its "hard line" on content negotiations has helped it manage costs but has contributed to content provider blackouts and premium subscriber losses. AT&T expects premium TV subscriber trends to improve in 2020.

On Monday, Elliott Management Corp. disclosed a $3.2 billion stake in AT&T, criticizing its acquisition strategy and calling for it to sell some assets.


Write to Josh Beckerman at


(END) Dow Jones Newswires

September 11, 2019 18:39 ET (22:39 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

Latest T Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....

No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts
Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:us D:20200224 19:28:09