SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

AT&T Backs Down After Report

» Published: 23 October 2024

AT&T Backs Down After Report
Photo: Alan Diaz AP/TT

The American mobile and broadband operator AT&T's share is falling by 2.6 percent in futures trading on Wall Street following a quarterly report.

In the report, AT&T reports a turnover of 30.2 billion dollars for the third quarter, virtually unchanged from the corresponding quarter a year earlier. Analysts had expected 30.4 billion, according to Bloomberg.

The number of fiber network subscribers increased by 226,000 during the quarter, which can be compared to an average forecast of 265,900. However, the number of mobile subscribers increased by 403,000, compared to expected 394,600.

Competitor Verizon Communications also performed slightly worse than expected in the third quarter, which on Tuesday pushed the share down by over 5 percent.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Technology stocks drive the market on a cheerful New York stock exchange
2 MIN READ

Technology stocks drive the market on a cheerful New York stock exchange

EU updates Mexico agreement
1 MIN READ

EU updates Mexico agreement

Memorial Ceremony for PG Gyllenhammar
1 MIN READ

Memorial Ceremony for PG Gyllenhammar

Investigation expanded against X
1 MIN READ

Investigation expanded against X

Trump waits to enforce Tiktok ban
3 MIN READ

Trump waits to enforce Tiktok ban

Star Chef Tommy Myllymäki Loses Rental Dispute – Forced to Leave
1 MIN READ

Star Chef Tommy Myllymäki Loses Rental Dispute – Forced to Leave

Better than expected for Saab
1 MIN READ

Better than expected for Saab

Better than expected for Saab
1 MIN READ

Better than expected for Saab

Norwegian giant fund seeks next CEO
1 MIN READ

Norwegian giant fund seeks next CEO

Inflation rise in eurozone confirmed
1 MIN READ

Inflation rise in eurozone confirmed

Bankers to build European transfer system
1 MIN READ

Bankers to build European transfer system

Lower prices on gasoline and diesel
1 MIN READ

Lower prices on gasoline and diesel

NCC Rebuilds Oceana After the Fire
1 MIN READ

NCC Rebuilds Oceana After the Fire

Unexpected setback for British Christmas trade
1 MIN READ

Unexpected setback for British Christmas trade

Solid stock market rise in Stockholm
2 MIN READ

Solid stock market rise in Stockholm

You'll find the cheapest food here
2 MIN READ

You'll find the cheapest food here

China reaches growth target after strong final quarter
2 MIN READ

China reaches growth target after strong final quarter

Down in Japan – up in China
1 MIN READ

Down in Japan – up in China

Upward trend for China's economy
1 MIN READ

Upward trend for China's economy

Down on Wall Street
1 MIN READ

Down on Wall Street