Craig Moffett, MoffettNathanson founder, provides perspective on Ma Bell's quarterly results.» Read More
WASHINGTON, July 23- AT&T Inc's quarterly revenue rose a weaker than expected 1.6 percent as cheaper service plans offered to customers who forgo subsidized cellular phones cut into margins.
*Apple rallies after results, boosting tech names. NEW YORK, July 23- U.S. stocks ended mostly higher on Wednesday, with the S&P 500 closing at a record on Apple's bullish results, though Boeing weighed on the Dow and conflicts in Ukraine and the Gaza Strip kept the broader market's gains in check.
NEW YORK— AT&T Inc. on Wednesday posted lower net income for the latest quarter due to cheaper cellphone plans it introduced as a response to aggressive pricing from smaller competitor T-Mobile US. AT&T shares fell 51 cents to $35.37 in extended trading after the release of the results. The Dallas company said it earned $3.55 billion, or 68 cents per share.
SAN FRANCISCO, July 23- AT&T Inc and the Chernin Group are close to buying a majority slice of Fullscreen, in a deal that will value the popular YouTube video network at $200 million to $300 million, said tech blog Re/code, citing sources familiar with the target company.
WASHINGTON, July 23- AT&T Inc's second-quarter revenue rose, but slightly less than Wall Street forecasts, as a promotional offer to charge customers for devices separately from service weighed on average revenue per user.
WASHINGTON, July 23- AT&T Inc said on Wednesday its quarterly revenue rose, but slightly less than Wall Street forecasts, as a popular offering to bill customers for devices separately from their wireless plans drew in the most contract subscribers in five years.
AT&T on Wednesday reported a slight miss on earnings and revenue for the quarter.
HARTFORD, Conn.— The new chief of Frontier Communications Corp. in Connecticut says the company will increase its broadband service on what previously had been AT&T's footprint in the state as landline telephone business continues to erode.
Shaking off geopolitical flare-ups for now, analysts say the S&P 500 is taking aim at the 2,000 level, and the next round of earnings news could help.
The $199 AT&T exclusive offers some advantages over its smart phone competitors, but is it worth the buy? NBC News reports.
NEW YORK— Shares of some top telecom companies were mixed at the close of trading:. AT&T Inc. fell$. 02 or. 1 percent, to $35.94. Verizon Communications Inc. rose$. 28 or. 6 percent, to $50.98.
*Sees Q3 earnings $0.35- $0.40/ shr vs est $0.44. *Sees Q3 revenue $1.15 bln- $1.2 bln vs est $1.26 bln. Juniper, whose clients include Verizon Communications Inc and AT&T Inc, forecast adjusted profit of 35- 40 cents per share on revenue of $1.15 billion- $1.2 billion.
NEW YORK— Shares of some top telecom companies are mixed at 1 p.m.:. AT&T Inc. fell$. 02 or. 1 percent, to $35.94. Verizon Communications Inc. rose$. 23 or. 4 percent, to $50.93.
WASHINGTON— Senate Environment and Public Works Committee hearing on the Environmental Protection Agency's proposed carbon pollution standards for power plants. WASHINGTON— Senate Commerce, Science and Transportation subcommittee hearing on legislation focusing on consumer protections and safety for cruise ship passengers.
*U.S. players include Gogo, Honeywell, Golden Eagle. LONDON, July 22- The web-connected aircraft cabins of the future, powered by technology on show at last week's Farnborough Airshow, are offering a path to investor returns through suppliers like Cobham Plc and Thales SA.
NEW YORK— Shares of some top telecom companies are mixed at 10 a.m.:. AT&T Inc. fell$. 10 or. 3 percent, to $35.86. Verizon Communications Inc. rose$. 11 or. 2 percent, to $50.81.
July 22- Comcast Corp reported a better-than-expected rise in quarterly profit, helped by the highest subscriber additions in its high-speed internet business for six years and improved profitability at its NBC Universal unit.
NEW YORK— Solid earnings for a range of big companies helped nudge the stock market higher on Tuesday. The restaurant chain Chipotle and the cable giant Comcast surged after reporting better results than Wall Street expected. COMMENT: "The news today is pretty good," said JJ Kinahan, chief strategist at TD Ameritrade.
U.S. stock index futures pointed to a lower open on Monday, with investor sentiment subdued due to the ongoing turmoil in Gaza and Ukraine.
Even as traders monitor the world's hot spots, corporate earnings news could be a positive for stocks in the week ahead.