Categories AlphaGraphs, Earnings, Technology
AT&T (T) Q2 earnings and revenue drops due to COVID-19 pandemic
AT&T Inc. (NYSE: T) reported a decline in earnings and revenue for the second quarter of 2020, hurt by the COVID-19 pandemic. Adjusted earnings of $0.83 per share topped analysts’ earnings target of $0.79 per share. However, Q2 revenue of $40.95 billion missed consensus estimates of $41.1 billion.
AT&T stock was trading up about 1% in the pre-market trading session.
The telecom giant expects the total dividend payout ratio at year-end 2020 to be in the 60s% range and targets the low end of that range. AT&T also expects gross capital investment to be the $20 billion range in 2020.
Also read: AT&T (T): HBO Max sees strong engagement despite WarnerMedia’s COVID-19 struggles
Most Popular
Broadcom (AVGO) reports higher Q3 revenue and profit; results beat estimates
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) reported higher revenues and adjusted earnings for the third quarter of 2024 amid continued strong demand. The Q3 numbers also topped expectations. Earnings, excluding
Key takeaways from Hewlett Packard’s (HPE) Q3 2024 earnings report
Hewlett Packard Enterprise (NYSE: HPE) has delivered stronger-than-expected third-quarter results amid significant conversion in AI system revenues. The prospects for the company's AI server and edge computing businesses look promising
Hormel Foods (HRL): Factors that put a damper on the food company’s Q3 performance
Shares of Hormel Foods Corporation (NYSE: HRL) were up over 2% on Thursday. The stock is recovering from a fall it took a day ago after the company delivered mixed
