Thursday, January 29, 2015

Update: AT&T Q4 2014 Earnings Highlight Declining Operating Income


Summary

  • AT&T reports Q4'14 earnings.
  • Investors should continue avoiding the stock.
  • The original investment thesis remains intact with margins under extreme pressure.
The quarterly results of AT&T (NYSE:T) were only in line with the already reduced expectation of analysts. The giant domestic wireless provider produced record smartphone gross adds and upgrades while watching margins plunge. The net effect remains a stock that is likely to continue churning in the low $30s range while investors collect a solid 5.7% dividend yield and wait for the impact of the wireless auction.

Read the full update at Seeking Alpha.


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