Reported about 19 hours ago
AT&T has projected its first-quarter adjusted profit to meet analyst estimates, indicating strong demand for its combined 5G and fiber internet plans. The company is investing in high-speed fiber to boost subscriber growth amid a shrinking market for new wireless customers. It anticipates per-share earnings of 48 cents or higher, alongside a reaffirmation of its annual adjusted profit forecast. Additionally, AT&T is set to close a deal selling its 70% stake in DirecTV, expecting around $1.4 billion to $1.5 billion in cash from this transaction.
Source: YAHOO