The Traderszone Network

Published in TZ Latest News 26 January, 2016 by The TZ Newswire Staff

AT&T revenue below forecasts, shares fall

AT&T had 526,000 net new postpaid customers, down 38.4 percent from 854,000 a year earlier. Total operating revenue rose 22.3 percent to $42.12 billion, slightly missing analysts’ average estimate of $42.75 billion, according to Thomson Reuters I/B/E/S. Earnings of 63 cents, excluding certain items, were in line with analysts’ forecasts. AT&T has been seeking new revenue streams and is betting on its 2015 acquisition of the DirecTV satellite TV business to help beef up its bundles of cellular, broadband, TV and fixed-line phone services.