Close Menu
  • Homepage
  • Local News
  • India
  • World
  • Politics
  • Sports
  • Finance
  • Entertainment
  • Business
  • Technology
  • Health
  • Lifestyle
Facebook X (Twitter) Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
Facebook X (Twitter) Instagram Pinterest
JHB NewsJHB News
  • Local
  • India
  • World
  • Politics
  • Sports
  • Finance
  • Entertainment
Let’s Fight Corruption
JHB NewsJHB News
Home»Finance»AT&T lifts profit forecast on travel rebound, demand for pricier plans
Finance

AT&T lifts profit forecast on travel rebound, demand for pricier plans

October 21, 2022No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Oct 20 (Reuters) – AT&T Inc (T.N) lifted its annual revenue forecast after posting upbeat third-quarter outcomes on Thursday, due to Individuals choosing pricier wi-fi plans and a rebound in worldwide journey.

After unwinding its efforts to change into a media and leisure firm, AT&T is again to specializing in its wi-fi enterprise in a extremely aggressive U.S. telecoms market.

The wi-fi service is now betting on the demand for broadband, worldwide roaming, and month-to-month bill-paying subscribers to assist repay the practically $134 billion debt on its steadiness sheet.

AT&T’s added 708,000 web new month-to-month bill-paying wi-fi telephone subscribers within the third quarter and 338,000 new fiber web prospects.

Executives stated dangerous debt was beginning to return to pre-pandemic ranges.

The corporate now expects adjusted revenue per share for the complete 12 months to be $2.50 or larger in contrast with earlier expectations of $2.42 to $2.46 per share.

Analysts on common count on a revenue of $2.56 per share for the 12 months, in accordance with Refinitiv knowledge.

Nonetheless, AT&T handed on a few of the inflationary strain to customers when it elevated costs of some plans and needed to trim its annual free money stream outlook resulting from late bill-payments in its enterprise-heavy enterprise.

Analysts have additionally raised issues on the results of U.S. carriers’ aggressive promotion technique in a bid to retain subscribers.

J.P Morgan analyst Philip Cusick stated AT&T’s free money stream for the quarter was “mild”, however reiterated at $14 billion for the 12 months, which might require a 50% quarter-on-quarter ramp to $6 billion within the fourth quarter.

AT&T reported an adjusted revenue of 68 cents per share on income of $30 billion within the quarter ended Sept. 30, each above expectations of a revenue of 61 cents on income of $29.86 billion.

Shares in AT&T rose 5.1%, whereas Verizon and T-Cellular shares gained about 0.5%.

Reporting by Eva Mathews and Savyata Mishra in Bengaluru; Modifying by Arun Koyyur

: .

Source link

ATT demand forecast lifts plans pricier profit rebound travel
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Nvidia-backed CoreWeave soars 100% since IPO as investors see AI demand outweighing ‘risky’ business model

May 17, 2025

Why long-term care costs can be a ‘huge problem’

May 17, 2025

Best money market account rates today, May 16, 2024 (up to 4.41% APY return)

May 17, 2025

Wistron says new US plants will be ready for Nvidia’s server production next year

May 17, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Nvidia-backed CoreWeave soars 100% since IPO as investors see AI demand outweighing ‘risky’ business model

May 17, 2025

Karnataka requests electric buses under PM E-Drive scheme | Bangalore News

May 17, 2025

CBI books 39 agents for issuing 1,100 ghost SIM cards used for cyber fraud | India News

May 17, 2025

Expert shares 5 kitchen staples that can ‘boost desire and improve performance in the bedroom’ | Health News

May 17, 2025
Popular Post

Best Camera Phone 2023: Top Photography Smartphones

‘I don’t digest food properly now’: The all-consuming pressure of managing a football club

“Take the L” – Uncle Luke fires blunt warning to Florida State, Gators fans after Jackson Cantwell’s Miami commitment

Subscribe to Updates

Get the latest news from JHB News about Bangalore, Worlds, Entertainment and more.

JHB News
Facebook X (Twitter) Instagram Pinterest
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
© 2025 Jhb.news - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.