(Bloomberg) — AT&T Inc. posted a 4.5% drop in revenue from a year ago and withdrew its forecast of 2% revenue growth for the year, saying it can’t provide a financial forecast for 2020 due to the coronavirus pandemic.The Covid-19 crisis hurt earnings by 5 cents a share in the first quarter and knocked $600 million off of revenue due to lower ad sales from canceled sports events like the NCAA men’s basketball tournament. But the U.S. stay-at-home orders, which started in mid-March, did help improve some of AT&T’s slumping consumer businesses.Homebound customers craving videoconferencing and cellular connections helped boost …read more
Source:: Yahoo Finance
