AT&T (T) has released soft results for the first quarter of 2020, but nonetheless reassured investors that it has sufficient free cash flow to support its dividend payout. Shares fell 2% in Wednesday’s trading, bringing T’s year-to-date loss to 25%.Most notably, revenue declined 4.6% year-over-year, 2% worse than expected, mostly due to lower growth at WarnerMedia and Latin America. The company also posted EBITDA 1.7% below consensus, and EPS of $0.84 a penny below.Meanwhile capex of $4.97B came in 2.8% above consensus, while FCF of $3.90B was 24% below. However, AT&T did add 163,000 postpaid phone subscribers, doubling from 80,000 …read more
Source:: Yahoo Finance
