|Bid||101.00 x 200|
|Ask||101.25 x 100|
|Day's Range||99.66 - 100.43|
|52 Week Range||74.27 - 102.45|
|PE Ratio (TTM)||19.04|
|Dividend & Yield||1.61 (1.62%)|
|1y Target Est||N/A|
Telecom giant AT&T reported its second quarter earnings on Tuesday after market close, beating analyst estimates and focusing on the benefits from bundling its mobile, TV, and internet services together -- a possible indication of the direction it intends to take Time Warner’s entertainment properties. In the two years since closing the deal to acquire DIRECTV, AT&T has increased the number of its wireless customers who also have DIRECTV by 31%, to 19.8 million. On Tuesday’s earnings call, CFO John Stephens credited the tactic with reducing customer “churn,” the annual percentage of customers who stop subscribing to AT&T’s services, from 1.04% two years ago down to 0.79% last quarter, the lowest ever.
AT&T Inc's quarterly profit topped Wall Street estimates on Tuesday as the No. 2 U.S. wireless carrier lowered operating costs and introduced new promotions bundling video with phone service that helped it compete in a fierce market for customers. AT&T is battling industry leader Verizon Communications Inc and smaller rivals Sprint Corp and T-Mobile US Inc for customers in a market where most people already have cell phones. AT&T, which is in the process of buying Time Warner Inc for $85.4 billion in an effort to turn itself into a media powerhouse, has sought to compete by bundling mobile service with video entertainment.
Shares of AT&T Inc. rose Tuesday after the company's second-quarter profit and revenue beat industry analysts' projections. The Dallas phone and video company also said that it still expects its $85 billion ...