Search

AT&T Lifts Free Cash Flow Outlook, Boosting Stock - The Wall Street Journal

thekflow.blogspot.com

LIVE UPDATES

Stock Market Today: Indexes Dip After Powell Signals Further Rate Pause

Bond yields hold above 4.9%; Tesla sinks, Netflix surges as earnings roll in

Last Updated: 

Oct. 19, 2023 at 2:27 PM EDT
Live Coverage Feed

Updated 1 hour ago

AT&T Lifts Free Cash Flow Outlook, Boosting Stock

AT&T is the first telecommunications heavyweight to report third-quarter results.

AT&T is the first telecommunications heavyweight to report third-quarter results. (Jeenah Moon/Bloomberg News)

AT&T’s core cellphone business kept growing in the third quarter, lifting revenue and spurring the company to raise its full-year outlook for free cash flow.

Shares jumped nearly 8%. They were the second-best performers in the S&P 500 after Netflix.

In the third quarter, the Dallas company added 468,000 postpaid phone connections, the cell carrier’s main profit engine. Wall Street analysts surveyed by FactSet expected the company to add about 403,000 of those kinds of subscribers.

Adblock test (Why?)



"flow" - Google News
October 20, 2023 at 01:27AM
https://ift.tt/XNU9G1u

AT&T Lifts Free Cash Flow Outlook, Boosting Stock - The Wall Street Journal
"flow" - Google News
https://ift.tt/oPMmjD0
https://ift.tt/5cjR6W3

Bagikan Berita Ini

0 Response to "AT&T Lifts Free Cash Flow Outlook, Boosting Stock - The Wall Street Journal"

Post a Comment


Powered by Blogger.