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.
https://www.youtube.com/watch?v=50yUaLybUnA&t=667s China-based internet search firm Baidu Inc. (NASDAQ: BIDU) reported financial results for the second quarter of 2020 on Thursday after the market's close. Earnings exceeded analysts’ expectations, but the
Applied Materials' (NASDAQ: AMAT) earnings and revenue for the third quarter exceeded the market's views. Adjusted EPS of $1.06 and revenue of $4.40 billion in Q3, grew 43% and 23%,
A lot of stocks in the biotech space have skyrocketed this year after their announcements and advances in finding a vaccine or in the treatment of COVID-19. While these companies