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Tuesday, October 24, 2017
AT&T Reports Sluggish Q3 Results On Eve Of Time Warner Deal Close
AT&T, which will soon officially absorb Time Warner to become a Hollywood heavyweight, reported mixed results for its last quarter before the expected close of the $85 billion megadeal, slightly undershooting Wall Street estimates. In the period ending September 30, earnings per share came in at 74 cents a share, a penny below estimates, with total revenue at $39.7 billion, down 2% from $40.9 billion a year ago. The company blamed the downturn on “declines in legacy…
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