{"id":1917097,"date":"2023-04-20T09:11:02","date_gmt":"2023-04-20T13:11:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/at-shares-down\/"},"modified":"2023-04-20T09:16:50","modified_gmt":"2023-04-20T13:16:50","slug":"at-shares-down","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/at-shares-down\/","title":{"rendered":"AT&amp;T misses quarterly revenue estimates; shares down"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">14<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fat-shares-down%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1917097&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p><!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<?xml encoding=\"utf-8\" ?><html><body><\/p>\n<div class=\"entry-content\">\n<p>(Reuters) -AT&#038;T Inc on Thursday missed Wall Street estimates for its first-quarter revenue, signaling intense competition from deep-pocketed rivals Verizon Communications Inc and T-Mobile US Inc.<\/p>\n<p>Shares of the Dallas, Texas-based company fell nearly 4% in trading before the bell. The stock gained about 7% this year, as of Wednesday\u2019s close.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<\/p>\n<p>Much like other sectors, telecoms are facing the pinch of consumers reluctant to spend more for 5G adoption and broadband connections on the back of high prices and soaring interest rates.<\/p>\n<p>Still, AT&#038;T added 424,000 postpaid phone subscribers in the latest quarter, above Factset estimate of 422,800 additions. The wireless carrier\u2019s discounted offers and cheaper plans helped it lure more cost-conscious customers in a highly competitive market. <\/p>\n<p>Analysts and investors generally watch postpaid phone figures closely as those customers pay a recurring monthly bill, making them valuable to the carriers.<\/p>\n<p>Total revenue for the first quarter rose 1.4% to $30.1 billion, compared with $29.7 billion a year earlier. Analysts on average were expecting $30.27 billion, according to Refinitiv IBES data.<\/p>\n<p>AT&#038;T said the growth was also driven by higher revenue in broadband services, partly offseting lower equipment sales.<\/p>\n<p>Income from continuing operations was $4.5 billion, or 57 cents per share, in the quarter, compared with $5.1 billion, or 65 cents per share, a year earlier.<\/p>\n<p>Excluding items, the company earned 60 cents per share.<\/p>\n<p> (Reporting by Tiyashi Datta in Bengaluru; Editing by Sherry Jacob-Phillips)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/business\/att-quarterly-wireless-subscriber\/attachment\/file-photo-the-att-logo-is-seen-in-a-store-2\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>A new Democrat is looking to challenge Joe Biden and what the party has become. Meanwhile, the fates of a popular abortion pill and an unpopular police reform bill are placed in limbo.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Los Angeles Unified School District is facing a lawsuit over its COVID vaccine mandate as some employees still remain on unpaid leave status.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>The battle between Florida\u2019s Governor and Disney over control over the new Central Florida Tourism Oversight District and its authority over development continues. <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>The U.S. dollar\u2019s rein as the leading global trade currency is being threatened by China and Russia\u2019s economic advancements.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>(Reuters) \u2013 Rapid advances in artificial intelligence (AI) such as Microsoft-backed OpenAI\u2019s ChatGPT are complicating governments\u2019 efforts to agree on laws governing\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>BEIJING (Reuters) \u2013 China\u2019s gaming regulator on Thursday granted publishing licenses to 86 domestic online games, including titles belonging to Alibaba, Baidu\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Yimou Lee and Sarah Wu TAIPEI (Reuters) -Chipmaker TSMC, a major Apple supplier, forecast a 16% plunge in sales for the\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Heekyong Yang SEOUL (Reuters) -The South Korean government and its top battery companies plan to jointly invest 20 trillion won ($15.1\u2026 <\/p>\n<\/p><\/div>\n<p><\/body><\/html><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) -AT&amp;T Inc on Thursday missed Wall Street estimates for its first-quarter revenue, signaling intense competition from deep-pocketed rivals Verizon Communications Inc and T-Mobile US Inc. Shares of the Dallas, Texas-based company fell nearly 4% in trading before the bell. The stock gained about 7% this year, as of Wednesday\u2019s close. Much like other sectors<\/p>\n","protected":false},"author":66,"featured_media":1917098,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[24732,6004,15392,18246,14486,4790],"class_list":["post-1917097","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann","tag-att","tag-estimates","tag-misses","tag-quarterly","tag-revenue","tag-shares"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1917097","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1917097"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1917097\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1917098"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1917097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1917097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1917097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}