Thursday, April 30, 2015

AT&T: Still Facing Pressure


Summary

  • AT&T reported Q1'15 earnings that exceeded analyst EPS estimates.
  • The reported numbers were a decline from the previous year due to lower margins from declining phone ARPU.
  • The wireless provider isn't preferred at these levels with FCF and mounting debt levels from the DirecTV deal.
  When reviewing the quarterly numbers for AT&T (NYSE:T), one needs to keep in mind that the quarterly beat was still a reduction from prior-year levels. The wireless provider produced contrasting numbers to the earnings growth delivered by Verizon Communications (NYSE:VZ).


 Read the full article on Seeking Alpha.


Disclosure: Long DTV. Please read the disclaimer page for more details.

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