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Telecomms: The Most Interesting Sector Going Into Earnings

Telecomms: The Most Interesting Sector Going Into Earnings|NYSE:TWXNYSE:TNASDAQ:YHOONYSE:VZ

Aside from earnings number, there are some other interesting things happening in the telecom companies. For instance, AT&T Inc. T 1.83% is in the news for acquiring Time Warner Inc TWX 2.51% and traders are still discussing Verizon Communications Inc. VZ 0.31%'s move to buy Yahoo! Inc. YHOO 0.76% following the data breach.

AT&T

  • Plans to acquire Time Warner for $107.50 a share.
  • Reported adjusted EPS of $0.74 on revenue of $40.9 billion versus the Street's expectations of $0.74 on revenue of $41.15 billion.
  • Added over 1.2 million American subscribers to DirecTV after acquisition.
  • Over 390 million North American 4G LTE POPs.
  • Drexel Hamilton upgraded shares to a Buy rating.

Related Link: AT&T, Time Warner CEOs Discuss Merger, Why Talks With Apple Failed

Verizon Communications

  • The company earned adjusted EPS of $1.01 on revenue of $30.94 billion versus analyst expectations of $0.99 on revenue of $31.09 billion.
  • CFO admits that 500 million hacking will have material impact during the conference call.
  • Verizon Could renegotiate the deal price or could even terminate the deal.
  • Telecom firm expects $1 billion shave off from the original agreed price.
  • The Wall Street Journal reported Verizon is reviewing the terms of Yahoo, citing drop in revenue and subscribers.

And Others

  • Achieved 14th straight quarter of adding more than one million subscribers.
  • Reported adjusted EPS of $0.27 on revenue of $9.2 billion compared to the Street estimates of $0.23 on revenues of $9.42 billion.
  • Boosted and narrowing adjusted EBITDA outlook from $9.8–$10.1 billion to $10.2–$10.4 billion.
  • On October 18, preliminary results indicated revenue of $8.25 billion and a loss of $142 million.
  • The company will announce its full results on October 25.

At Last Check ...

  • AT&T was down 1.64 percent at $36.81.
  • Sprint was up 5.65 percent at $6.92.
  • Time Warner was down 2.51 percent at $87.23.
  • T-Mobile was up 8.71 percent at $50.88.
  • Verizon was up 0.29 percent at $48.34.
  • Yahoo was up 0.71 percent at $42.47.

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DateFirmActionFromTo
Sep 2016Hilliard LyonsUpgradesNeutralBuy
Aug 2016BairdMaintainsOutperform
Jul 2016Bank of AmericaUpgradesNeutralBuy

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