Reginal Thomas
0
All posts from Reginal Thomas
Reginal Thomas in reginal thomas,

AT&T sees revenue growth on DirecTV buy

AT&T announced it expected doubled digit consolidated revenue growth in percentage for the rest of 2015, citing its acquisition of DirecTV.

AT&T’s forecast for 2015 adjusted profit of $2.62 - $2.68 per share. Analysts were expecting an average profit of $2.60 per share.

The DirecTV acquisition gives AT&T new avenues of profit growth beyond its wireless services. The firm has also been expanding its presence in Mexico, by purchasing the third and fourth largest wireless carriers in the country.

AT&T also expects revenues, adjusted earnings and free cash flow to grown through 2018.