IBM snags AT&T as client in new cloud deal worth ‘billions’

IBM has signed a major cloud deal with AT&T worth “billions” of dollars. The company announced Tuesday that it signed a multiyear agreement with AT&T enabling the carrier to host its business applications on the IBM Cloud. The partnership marks IBM’s first publicly announced deal since it closed its $34 billion acquisition of open-source software firm Red Hat last week. In October, IBM said it would acquire all shares of Red Hat for $190 each in cash, representing IBM’s largest deal ever. AT&T a


IBM has signed a major cloud deal with AT&T worth “billions” of dollars. The company announced Tuesday that it signed a multiyear agreement with AT&T enabling the carrier to host its business applications on the IBM Cloud. The partnership marks IBM’s first publicly announced deal since it closed its $34 billion acquisition of open-source software firm Red Hat last week. In October, IBM said it would acquire all shares of Red Hat for $190 each in cash, representing IBM’s largest deal ever. AT&T a
IBM snags AT&T as client in new cloud deal worth ‘billions’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-16  Authors: annie palmer
Keywords: news, cnbc, companies, snags, client, ibm, deal, announced, agreement, signed, worth, opensource, billions, hat, cloud, att, red, ibms


IBM snags AT&T as client in new cloud deal worth 'billions'

IBM has signed a major cloud deal with AT&T worth “billions” of dollars.

The company announced Tuesday that it signed a multiyear agreement with AT&T enabling the carrier to host its business applications on the IBM Cloud.

An IBM spokesperson confirmed to CNBC that the multibillion-dollar deal will extend “over several years,” but didn’t specify the exact value of the agreement or the time frame.

The partnership marks IBM’s first publicly announced deal since it closed its $34 billion acquisition of open-source software firm Red Hat last week. In October, IBM said it would acquire all shares of Red Hat for $190 each in cash, representing IBM’s largest deal ever.

As part of the agreement announced Tuesday, AT&T will use Red Hat’s open-source platform to manage workloads and applications and “better serve” enterprise customers. AT&T and IBM will also team up on developing “edge computing platforms” that harness 5G networks and internet-connected devices.


Company: cnbc, Activity: cnbc, Date: 2019-07-16  Authors: annie palmer
Keywords: news, cnbc, companies, snags, client, ibm, deal, announced, agreement, signed, worth, opensource, billions, hat, cloud, att, red, ibms


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Microsoft wins multibillion-dollar cloud deal from AT&T

Microsoft just scored a marquee deal for its cloud business, announcing Wednesday that AT&T will use the company’s Azure infrastructure and move most of its employees to the Microsoft 365 package of productivity apps and security services. The multiyear deal is worth more than $2 billion, according to a person familiar with the matter who asked not to be named because the terms are confidential. For Microsoft, which is chasing Amazon Web Services in the cloud infrastructure market, AT&T represen


Microsoft just scored a marquee deal for its cloud business, announcing Wednesday that AT&T will use the company’s Azure infrastructure and move most of its employees to the Microsoft 365 package of productivity apps and security services. The multiyear deal is worth more than $2 billion, according to a person familiar with the matter who asked not to be named because the terms are confidential. For Microsoft, which is chasing Amazon Web Services in the cloud infrastructure market, AT&T represen
Microsoft wins multibillion-dollar cloud deal from AT&T Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-16  Authors: jordan novet josh lipton, jordan novet, josh lipton
Keywords: news, cnbc, companies, services, deal, infrastructure, microsoft, 5g, billion, things, att, multibilliondollar, cloud, led, wins


Microsoft wins multibillion-dollar cloud deal from AT&T

Microsoft just scored a marquee deal for its cloud business, announcing Wednesday that AT&T will use the company’s Azure infrastructure and move most of its employees to the Microsoft 365 package of productivity apps and security services.

The multiyear deal is worth more than $2 billion, according to a person familiar with the matter who asked not to be named because the terms are confidential. For Microsoft, which is chasing Amazon Web Services in the cloud infrastructure market, AT&T represents both a hefty buyer and a highly recognizable brand with significant data storage and computing needs for its more than 250,000 staffers.

Beyond AT&T’s own internal use of Microsoft technology, the companies are working together on developing tools for artificial intelligence and high-speed 5G wireless, and plan to announce additional services later this year.

“With things like 5G coming together, we absolutely think the combination of AT&T and Microsoft can really go fulfill the demand which is going to be very broad-based across what is commercially led innovation,” Microsoft CEO Satya Nadella told CNBC in an interview. “This next phase of, I’ll call it the cloud and edge and AI era, will be led by what I would broadly call more production versus just consumption.”

Accenture estimated last year that U.S. telecom operators will spend $275 billion over seven years to build out communications networks for autonomous cars and the world of connected devices, or internet of things.


Company: cnbc, Activity: cnbc, Date: 2019-07-16  Authors: jordan novet josh lipton, jordan novet, josh lipton
Keywords: news, cnbc, companies, services, deal, infrastructure, microsoft, 5g, billion, things, att, multibilliondollar, cloud, led, wins


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AT&T will soon automatically block annoying robocalls

AT&T said this week that it will soon block spam calls or alert customers of suspected spammers. The FCC mandated in February that U.S. carriers need to help stop spam calls. T-Mobile already offers customers two free tools, Scam Block and Scam ID, but Scam Block needs to be turned on first. The Google Pixel 3 and Pixel 3a can automatically screen calls for you, while iOS 13, which will roll out this fall, uses Siri to automatically silence calls from unknown numbers. Correction: A previous vers


AT&T said this week that it will soon block spam calls or alert customers of suspected spammers. The FCC mandated in February that U.S. carriers need to help stop spam calls. T-Mobile already offers customers two free tools, Scam Block and Scam ID, but Scam Block needs to be turned on first. The Google Pixel 3 and Pixel 3a can automatically screen calls for you, while iOS 13, which will roll out this fall, uses Siri to automatically silence calls from unknown numbers. Correction: A previous vers
AT&T will soon automatically block annoying robocalls Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-10  Authors: todd haselton
Keywords: news, cnbc, companies, att, customers, calls, soon, annoying, scam, users, automatically, suspected, spam, robocalls, turned, unwanted, block


AT&T will soon automatically block annoying robocalls

AT&T said this week that it will soon block spam calls or alert customers of suspected spammers. The blocking will first activate for new lines and will then be applied to all existing accounts, the carrier said on Tuesday.

The feature will be on by default but can be turned off by users who don’t want it, per rules set by the Federal Communications Commission that require carriers to let customers opt out.

The FCC mandated in February that U.S. carriers need to help stop spam calls. Hiya, a spam-blocking app, estimates that 25.3 billion unwanted robocalls were received by U.S. wireless customers in the first half of this year alone, even to people who are registered on the Do Not Call list.

AT&T’s service is the first that will be on by default, instead of requiring users to opt in or download a separate app.

T-Mobile already offers customers two free tools, Scam Block and Scam ID, but Scam Block needs to be turned on first. Sprint charges a $2.99 fee for Premium Caller ID, and Verizon alerts customers if a call is from a suspected spammer. Google and Apple have worked to add spam blocking into Android and iOS too.

The Google Pixel 3 and Pixel 3a can automatically screen calls for you, while iOS 13, which will roll out this fall, uses Siri to automatically silence calls from unknown numbers.

Correction: A previous version of this story included an incorrect number of unwanted robocalls.


Company: cnbc, Activity: cnbc, Date: 2019-07-10  Authors: todd haselton
Keywords: news, cnbc, companies, att, customers, calls, soon, annoying, scam, users, automatically, suspected, spam, robocalls, turned, unwanted, block


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AT&T rolls out a new, super-charged streaming service with HBO shows, ‘Friends’ and more

AT&T’s WarnerMedia announced on Tuesday that its new streaming service will be called HBO Max. Netflix will also lose “The Office” in 2021, when NBC will offer it as part of its $10 per month streaming TV service. Other popular TV shows coming to HBO Max include “The Fresh Prince of Bel-Air,” “Pretty Little Liars” and “Batwoman.” HBO Max will include original shows created specifically for the new streaming service, in addition to shows that will launch on HBO. NBC’s streaming service is launchi


AT&T’s WarnerMedia announced on Tuesday that its new streaming service will be called HBO Max. Netflix will also lose “The Office” in 2021, when NBC will offer it as part of its $10 per month streaming TV service. Other popular TV shows coming to HBO Max include “The Fresh Prince of Bel-Air,” “Pretty Little Liars” and “Batwoman.” HBO Max will include original shows created specifically for the new streaming service, in addition to shows that will launch on HBO. NBC’s streaming service is launchi
AT&T rolls out a new, super-charged streaming service with HBO shows, ‘Friends’ and more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-09  Authors: todd haselton
Keywords: news, cnbc, companies, max, rolls, shows, att, supercharged, include, launch, hbo, service, movies, friends, tv, content, streaming


AT&T rolls out a new, super-charged streaming service with HBO shows, 'Friends' and more

AT&T’s WarnerMedia announced on Tuesday that its new streaming service will be called HBO Max. As the name implies, it includes a lot more than just content from HBO.

HBO Max will include shows and movies from Warner Bros., New Line, DC Entertainment, CNN, TNT, TBS, truTV, The CW, Turner Classic Movies, Cartoon Network, Adult Swim, Crunchyroll, Rooster Teeth, Looney Tunes and other content providers. It also includes exclusive rights to stream all 236 episodes of the TV show “Friends.”

The service is expected to launch in beta later this year. AT&T has not said how much it will cost. HBO Max will launch publicly in the spring of 2020 and will include 10,000 hours of content, the company said.

Netflix recently spent $80 million to keep “Friends” through 2019, according to Vulture. Netflix will also lose “The Office” in 2021, when NBC will offer it as part of its $10 per month streaming TV service. Both shows are thought to be two of the most popular on Netflix, which means the company will have to continue funding new programming in order to find another new hit to keep subscribers engaged.

Other popular TV shows coming to HBO Max include “The Fresh Prince of Bel-Air,” “Pretty Little Liars” and “Batwoman.” HBO Max will include original shows created specifically for the new streaming service, in addition to shows that will launch on HBO.

The service is just one of many new streaming products set to launch in the coming months, and consumers probably won’t be able to subscribe to all of them.

Disney’s $6.99 monthly plan, Disney+, will launch this November and will include 18 of Pixar’s 21 movies, Marvel films, 30 seasons of “The Simpsons,” Disney animated movies and the Star Wars franchise of films. NBC’s streaming service is launching next year. Apple+ will launch this fall.

WATCH: Record 19.3 million viewers watched HBO’s ‘Game of Thrones’ finale


Company: cnbc, Activity: cnbc, Date: 2019-07-09  Authors: todd haselton
Keywords: news, cnbc, companies, max, rolls, shows, att, supercharged, include, launch, hbo, service, movies, friends, tv, content, streaming


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AT&T cancels orders for Samsung’s folding phone with no launch date in sight

Samsung’s Galaxy Fold screen is broken after just two days of use. AT&T has canceled pre-orders for Samsung’s $2,000 Galaxy Fold and is offering $100 to customers who ordered it early, the company confirmed on Thursday. “While we continue to make progress in enhancing the Galaxy Fold, a new release date has not yet been announced. A report from Korea’s Yonhap News Agency in May said Samsung was aiming to launch the phone in June. Samsung was not immediately available to comment on AT&T’s cancell


Samsung’s Galaxy Fold screen is broken after just two days of use. AT&T has canceled pre-orders for Samsung’s $2,000 Galaxy Fold and is offering $100 to customers who ordered it early, the company confirmed on Thursday. “While we continue to make progress in enhancing the Galaxy Fold, a new release date has not yet been announced. A report from Korea’s Yonhap News Agency in May said Samsung was aiming to launch the phone in June. Samsung was not immediately available to comment on AT&T’s cancell
AT&T cancels orders for Samsung’s folding phone with no launch date in sight Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-13  Authors: todd haselton
Keywords: news, cnbc, companies, samsungs, samsung, folding, cancels, screen, working, phone, date, launch, fold, sight, galaxy, orders, att


AT&T cancels orders for Samsung's folding phone with no launch date in sight

Samsung’s Galaxy Fold screen is broken after just two days of use. This phone costs $2,000.

AT&T has canceled pre-orders for Samsung’s $2,000 Galaxy Fold and is offering $100 to customers who ordered it early, the company confirmed on Thursday.

Samsung’s Galaxy Fold is one of the first folding phones and was supposed to launch on April 26, but that date was pushed back indefinitely after review units, including one tested by CNBC, broke after just a couple days of testing. The screen on CNBC’s unit began flickering before the phone’s screen stopped working entirely. Samsung says it is working on “further improvements” that will help protect the display from damage.

Samsung automatically cancelled early orders that were placed through its website once it confirmed it was unable to ship the folding phone by May 31. Best Buy also cancelled orders.

“While we continue to make progress in enhancing the Galaxy Fold, a new release date has not yet been announced. Because of this, we have recently contacted our pre-order customers to provide them information on their options as we move forward,” Samsung told CNBC in May.

A report from Korea’s Yonhap News Agency in May said Samsung was aiming to launch the phone in June. Samsung said at the time that it would announce a new release date “in the coming weeks.”

Samsung was not immediately available to comment on AT&T’s cancellation or to confirm a new launch date for the Galaxy Fold.

Subscribe to CNBC on YouTube.


Company: cnbc, Activity: cnbc, Date: 2019-06-13  Authors: todd haselton
Keywords: news, cnbc, companies, samsungs, samsung, folding, cancels, screen, working, phone, date, launch, fold, sight, galaxy, orders, att


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Trump calls for a boycott of AT&T to force ‘big changes’ at CNN – ‘It is so unfair with such bad, Fake News!’

President Donald Trump on Monday called for a boycott of AT&T to force “big changes” at subsidiary CNN, which Trump often accuses of biased and negative coverage of his administration. Indeed, the Trump Justice Department did challenge the blockbuster $85.4 billion deal. Then, in February, a federal judge again ruled in AT&T’s favor and the Justice Department let the matter go. The White House in April denied lawmakers’ request for documents that might show whether Trump sought to intervene in t


President Donald Trump on Monday called for a boycott of AT&T to force “big changes” at subsidiary CNN, which Trump often accuses of biased and negative coverage of his administration. Indeed, the Trump Justice Department did challenge the blockbuster $85.4 billion deal. Then, in February, a federal judge again ruled in AT&T’s favor and the Justice Department let the matter go. The White House in April denied lawmakers’ request for documents that might show whether Trump sought to intervene in t
Trump calls for a boycott of AT&T to force ‘big changes’ at CNN – ‘It is so unfair with such bad, Fake News!’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-03  Authors: mike calia
Keywords: news, cnbc, companies, force, fake, justice, president, calls, att, trump, house, department, changes, white, warner, boycott, deal, bad, unfair, cnn, big


Trump calls for a boycott of AT&T to force 'big changes' at CNN – 'It is so unfair with such bad, Fake News!'

President Donald Trump on Monday called for a boycott of AT&T to force “big changes” at subsidiary CNN, which Trump often accuses of biased and negative coverage of his administration.

“I believe that if people stoped using or subscribing to @ATT, they would be forced to make big changes at @CNN, which is dying in the ratings anyway. It is so unfair with such bad, Fake News!” the president tweeted from the U.K., just as he began a state visit, misspelling “stopped.”

Representatives for AT&T did not immediately respond to a request for comment. CNN has previously pushed back on Trump’s criticism. In a November 2017 tweet to the president, the network said: “It’s not CNN’s job to represent the U.S to the world. That’s yours.”

Trump has frequently attacked CNN’s coverage of him, dating to his time as a presidential candidate. On the campaign trail in 2016, he vowed to block AT&T’s acquisition of Time Warner, which included CNN among its most prominent assets.

Indeed, the Trump Justice Department did challenge the blockbuster $85.4 billion deal. A federal judge had ruled last June that the merger was legal, but the DOJ appealed the next month, after the deal officially closed. Then, in February, a federal judge again ruled in AT&T’s favor and the Justice Department let the matter go.

However, House Democrats are looking into whether Trump told his one-time top economic advisor Gary Cohn to use the Justice Department to block the AT&T-Time Warner deal. The White House in April denied lawmakers’ request for documents that might show whether Trump sought to intervene in the acquisition.

The Justice Department’s antitrust head said in 2018 that he never received orders, instructions or directions regarding the AT&T-Time Warner deal from Trump, White House officials or other DOJ officials.


Company: cnbc, Activity: cnbc, Date: 2019-06-03  Authors: mike calia
Keywords: news, cnbc, companies, force, fake, justice, president, calls, att, trump, house, department, changes, white, warner, boycott, deal, bad, unfair, cnn, big


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This stock yields nearly 3 times more than the 10-year—here’s how to trade it

With the stock’s dividend yield now at 6.3% — nearly three times that of the U.S. 10-year Treasury after its recent declines — AT&T’s current setup may look attractive to dividend-seeking investors. But the telecom giant’s unique characteristics make an options trade the better bet, contends Mike Khouw, co-founder and chief strategist of Optimize Advisors. “Let’s say … you really don’t want to reach and buy the stock despite that high dividend because you are concerned about that downside risk


With the stock’s dividend yield now at 6.3% — nearly three times that of the U.S. 10-year Treasury after its recent declines — AT&T’s current setup may look attractive to dividend-seeking investors. But the telecom giant’s unique characteristics make an options trade the better bet, contends Mike Khouw, co-founder and chief strategist of Optimize Advisors. “Let’s say … you really don’t want to reach and buy the stock despite that high dividend because you are concerned about that downside risk
This stock yields nearly 3 times more than the 10-year—here’s how to trade it Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-28  Authors: lizzy gurdus
Keywords: news, cnbc, companies, khouw, options, nearly, yields, high, investors, dividend, calls, youre, times, trade, company, stock, 10yearheres, att


This stock yields nearly 3 times more than the 10-year—here's how to trade it

It’s time to buy calls in AT&T, according to several options traders.

With the stock’s dividend yield now at 6.3% — nearly three times that of the U.S. 10-year Treasury after its recent declines — AT&T’s current setup may look attractive to dividend-seeking investors. But the telecom giant’s unique characteristics make an options trade the better bet, contends Mike Khouw, co-founder and chief strategist of Optimize Advisors.

“You’ve got a tremendous amount of debt on this balance sheet. They’re obviously dealing with the Time Warner integration,” he said Friday on CNBC’s “Options Action.” “Usually, when you’re looking at heavily indebted businesses, the thing you’re concerned about is if they also have significant negative cash flow.”

But there’s the catch: despite the fact that it’s the most heavily indebted company in the world, AT&T actually has significant free cash flow to offset its leverage, Khouw said.

Moreover, the stock’s chart appears to be bottoming, which tends to precede a sustained move higher, said Carter Worth, chief market technician at Cornerstone Macro, calling the stock “an old-line loser that is coming to life.”

Still, even with strong cash flow, large debt loads tend to make the underlying stocks more volatile, which is part of the reason investors should consider buying options on AT&T rather than purchasing the stock itself, Khouw said.

“Let’s say … you really don’t want to reach and buy the stock despite that high dividend because you are concerned about that downside risk. That high dividend tends to make those calls cheap,” he said. “We actually see that.”

“The July $32 calls, when I was looking at that earlier [Friday], were trading for about 95 cents, and let’s consider that those were already about 30 cents in the money,” Khouw said. “That’s really 65 cents of extrinsic premium to make a bullish bet in AT&T because of that high dividend in case the price should start moving up. So, I think there’s actually a pretty inexpensive way to bet on that positive price action without taking a lot of downside risk by just simply going out and buying calls here.”

Dan Nathan, co-founder and editor of RiskReversal.com, liked how Khouw and Worth approached AT&T’s situation.

“You’re not risking a whole heck of a lot — a few percent for about a month and a half, close to two months. It’s already in the money here,” Nathan said. “The purchase of Time Warner is really setting up for this all to come together, and at some point, it’s going to make a lot of sense to start thinking about what this company looks like when they have 5G, they have the content. What does a new telco media company look like? ”

For now, though, the combination of the high yield, AT&T’s bottoming pattern, and investors’ flight to safety amid escalating trade tensions made Nathan bullish on this particular trade.

“I think it makes sense,” he said. “I think at some point towards the latter half of this year you’re going to see some investors start thinking about what this company looks like in 2020, ’21, the way we saw Disney just explode once they were able to articulate putting all those pieces together and what their future looks like. ”

AT&T shares lost more than 1% in Tuesday trading. The stock has gained nearly 12% year to date.


Company: cnbc, Activity: cnbc, Date: 2019-05-28  Authors: lizzy gurdus
Keywords: news, cnbc, companies, khouw, options, nearly, yields, high, investors, dividend, calls, youre, times, trade, company, stock, 10yearheres, att


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AT&T misses quarterly revenue estimates

AT&T missed Wall Street estimates for quarterly revenue on Wednesday, hit by lower-than-expected sales in its WarnerMedia unit and a shortfall in income from a wireless business where it has cut prices to draw in customers. WarnerMedia, which includes Turner and premium TV channel HBO, reported revenue of $8.38 billion in the quarter, falling short of analysts’ estimates of $8.45 billion, according to IBES data from Refinitiv. However, that meant Mobility, AT&T’s largest segment which includes i


AT&T missed Wall Street estimates for quarterly revenue on Wednesday, hit by lower-than-expected sales in its WarnerMedia unit and a shortfall in income from a wireless business where it has cut prices to draw in customers. WarnerMedia, which includes Turner and premium TV channel HBO, reported revenue of $8.38 billion in the quarter, falling short of analysts’ estimates of $8.45 billion, according to IBES data from Refinitiv. However, that meant Mobility, AT&T’s largest segment which includes i
AT&T misses quarterly revenue estimates Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: janhvi bhojwani
Keywords: news, cnbc, companies, business, analysts, estimates, subscribers, misses, cents, revenue, att, wireless, quarterly, billion, short, share


AT&T misses quarterly revenue estimates

AT&T missed Wall Street estimates for quarterly revenue on Wednesday, hit by lower-than-expected sales in its WarnerMedia unit and a shortfall in income from a wireless business where it has cut prices to draw in customers.

AT&T has reduced its dependency on the phone business by buying media content through its acquisition of Time Warner, yet faces a daunting struggle to find growth as declines in one business offset growth in another.

WarnerMedia, which includes Turner and premium TV channel HBO, reported revenue of $8.38 billion in the quarter, falling short of analysts’ estimates of $8.45 billion, according to IBES data from Refinitiv.

The second-largest U.S. wireless carrier by subscribers added a net 80,000 phone subscribers, surprising on analysts’ forecast of a loss of 44,000 subscribers as its cut the price of plans to combat strong competition in the saturated U.S. market.

However, that meant Mobility, AT&T’s largest segment which includes its wireless business, had revenue of $17.57 billion during the quarter, missing estimates of $17.65 billion.

DirecTV Now, AT&T’s streaming service, lost 83,000 subscribers, more than analysts’ expectation of 82,000 losses.

Net income attributable to AT&T fell to $4.1 billion, or 56 cents per share, from $4.66 billion, or 75 cents per share, a year earlier.

Excluding items, the company earned 86 cents per share, in line with estimates.

Total revenue rose nearly 18 percent to $44.83 billion but fell short of expectations of $45.11 billion.


Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: janhvi bhojwani
Keywords: news, cnbc, companies, business, analysts, estimates, subscribers, misses, cents, revenue, att, wireless, quarterly, billion, short, share


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Stocks making the biggest moves midday: AT&T, Domino’s Pizza, eBay & more

Check out the companies making headlines midday Wednesday:Domino’s Pizza — Shares of Domino’s Pizza surged 8.9% on stronger-than-forecast quarterly earnings. The company reported earnings of $2.20, 11 cents higher than a Refinitiv estimate. The company also reported first-quarter earnings that were in line with expectations. AT&T — Shares of AT&T fell 4% after the company missed Wall Street estimates for first-quarter revenue due to the weaker-than-expected sales in its WarnerMedia unit. Biogen


Check out the companies making headlines midday Wednesday:Domino’s Pizza — Shares of Domino’s Pizza surged 8.9% on stronger-than-forecast quarterly earnings. The company reported earnings of $2.20, 11 cents higher than a Refinitiv estimate. The company also reported first-quarter earnings that were in line with expectations. AT&T — Shares of AT&T fell 4% after the company missed Wall Street estimates for first-quarter revenue due to the weaker-than-expected sales in its WarnerMedia unit. Biogen
Stocks making the biggest moves midday: AT&T, Domino’s Pizza, eBay & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: fred imbert, jason alden, bloomberg, getty images
Keywords: news, cnbc, companies, share, shares, revenue, ebay, dominos, stock, sales, pizza, making, moves, att, midday, company, reported, stocks, biggest, rose, earnings, firstquarter


Stocks making the biggest moves midday: AT&T, Domino's Pizza, eBay & more

Check out the companies making headlines midday Wednesday:

Domino’s Pizza — Shares of Domino’s Pizza surged 8.9% on stronger-than-forecast quarterly earnings. The company reported earnings of $2.20, 11 cents higher than a Refinitiv estimate.

Anadarko Petroleum — The energy company’s stock jumped 12% after Occidental Petroleum announced a bid of $76 a share for Anadarko, topping an earlier offer from Chevron. Occidental’s bid values Anadarko at $57 billion.

Caterpillar — The industrial giant’s stock fell 2.5% after CFO Andrew Bonfield told Bloomberg News the company’s China sales are being impeded by aggressive price competition. Bonfield’s comments overshadowed earnings that topped analyst expectations.

Boeing — Boeing shares rose 0.9% despite the aircraft manufacturer announcing it is pausing share buybacks and withdrawing its full-year guidance, noting its troubles with the 737 Max aircraft. Boeing’s stock had been struggling after two of its 737 Max jets crashed within 5 months. The company also reported first-quarter earnings that were in line with expectations.

Texas Instruments — Texas Instruments rose 2% after posting better than expected first-quarter earnings and revenue. The company reported quarterly profit of $1.26 on revenue of $3.59 billion. Analysts polled by Refinitv expected a profit of $1.13 per share on sales of $3.48 billion. However, Texas Instruments warned that slowdown of microchip demand may persist in upcoming quarters.

AT&T — Shares of AT&T fell 4% after the company missed Wall Street estimates for first-quarter revenue due to the weaker-than-expected sales in its WarnerMedia unit. AT&T also reported a surprise increase in wireless customers, and said it would pay off 75% of the debt incurred in its Time Warner deal by the end of the year.

Biogen — Biogen’s stock dipped nearly 2% after the biotech company halted the trial for its Alzheimer’s drug last month, which shocked investors as the drug was expected to be a blockbuster. The news overshadowed stronger-than-expected first-quarter earnings. Biogen reported earnings of $6.98 per share for the first quarter, beating a Refinitiv estimate of $6.87 per share.

Best Buy — Best Buy gained more than 2% after Jefferies upgraded the stock to buy from hold, calling the electronics retailer “a new big blue.” The bank is bullish on Best Buy’s push into services including tech support and in-home advice program.

EBay — Shares of eBay rose more than 4% after the online auction site reported better-than-expected quarterly earnings. EBay posted adjusted earnings of 67 cents per share, topping a Refinitiv estimate of 63 cents. Transaction revenue hit $2.11 billion, more than a FactSet estimate of $2.01 billion.

—CNBC’s Nadine El-Bawab , Yun Li and Matt Lavietes contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: fred imbert, jason alden, bloomberg, getty images
Keywords: news, cnbc, companies, share, shares, revenue, ebay, dominos, stock, sales, pizza, making, moves, att, midday, company, reported, stocks, biggest, rose, earnings, firstquarter


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AT&T misses quarterly revenue estimates

AT&T missed Wall Street estimates for quarterly revenue on Wednesday, hit by lower-than-expected sales in its WarnerMedia unit and a shortfall in income from a wireless business where it has cut prices to draw in customers. WarnerMedia, which includes Turner and premium TV channel HBO, reported revenue of $8.38 billion in the quarter, falling short of analysts’ estimates of $8.45 billion, according to IBES data from Refinitiv. However, that meant Mobility, AT&T’s largest segment which includes i


AT&T missed Wall Street estimates for quarterly revenue on Wednesday, hit by lower-than-expected sales in its WarnerMedia unit and a shortfall in income from a wireless business where it has cut prices to draw in customers. WarnerMedia, which includes Turner and premium TV channel HBO, reported revenue of $8.38 billion in the quarter, falling short of analysts’ estimates of $8.45 billion, according to IBES data from Refinitiv. However, that meant Mobility, AT&T’s largest segment which includes i
AT&T misses quarterly revenue estimates Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: janhvi bhojwani
Keywords: news, cnbc, companies, quarterly, short, subscribers, wireless, cents, business, revenue, estimates, analysts, att, share, misses, billion


AT&T misses quarterly revenue estimates

AT&T missed Wall Street estimates for quarterly revenue on Wednesday, hit by lower-than-expected sales in its WarnerMedia unit and a shortfall in income from a wireless business where it has cut prices to draw in customers.

AT&T has reduced its dependency on the phone business by buying media content through its acquisition of Time Warner, yet faces a daunting struggle to find growth as declines in one business offset growth in another.

WarnerMedia, which includes Turner and premium TV channel HBO, reported revenue of $8.38 billion in the quarter, falling short of analysts’ estimates of $8.45 billion, according to IBES data from Refinitiv.

The second-largest U.S. wireless carrier by subscribers added a net 80,000 phone subscribers, surprising on analysts’ forecast of a loss of 44,000 subscribers as its cut the price of plans to combat strong competition in the saturated U.S. market.

However, that meant Mobility, AT&T’s largest segment which includes its wireless business, had revenue of $17.57 billion during the quarter, missing estimates of $17.65 billion.

DirecTV Now, AT&T’s streaming service, lost 83,000 subscribers, more than analysts’ expectation of 82,000 losses.

Net income attributable to AT&T fell to $4.1 billion, or 56 cents per share, from $4.66 billion, or 75 cents per share, a year earlier.

Excluding items, the company earned 86 cents per share, in line with estimates.

Total revenue rose nearly 18 percent to $44.83 billion but fell short of expectations of $45.11 billion.


Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: janhvi bhojwani
Keywords: news, cnbc, companies, quarterly, short, subscribers, wireless, cents, business, revenue, estimates, analysts, att, share, misses, billion


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