AT&T misses quarterly revenue estimates

AT&T misses quarterly revenue estimates

5 years ago
Anonymous $9jpehmcKty

https://www.cnbc.com/2019/04/24/att-earnings-q1-2019.html

AT&T missed Wall Street estimates for quarterly revenue on Wednesday, hit by lower-than-expected sales in its WarnerMedia unit and a shortfall in income from a wireless business where it has cut prices to draw in customers.

AT&T has reduced its dependency on the phone business by buying media content through its acquisition of Time Warner, yet faces a daunting struggle to find growth as declines in one business offset growth in another.