Join        Login             Stock Quote

AT&T Inc. (NYSE: T ): Q3 Earnings Preview; Strong Performance Expected

 October 19, 2011 11:46 AM

AT&T Inc. (NYSE: T ) is expected to report its Q3 earnings on Oct 20, 2011.

Last quarter, smartphone sales drove the company's data revenue growth, and in this quarter I expect it to continue its strong performance in the data revenue growth department, which will help it compete against Verizon and Sprint in the telecom market. However, business service revenue is expected to be flat in 3Q.

For the third quarter of 2011, the company is likely to report revenue of $31.6 billion, an increase of 0.1 percent over the same quarter a year ago. Operating profit for the company is likely to come in at $6.3 billion, an increase of 16.6 percent over the same quarter a year ago. Margins should expand sequentially across the board. Post-paid ARPU is expected to grow for the 11th consecutive quarter, a record unmatched in the industry. U-verse is expected to continue its strong performance, adding subscribers, and increasing triple-play ARPU.

[Related -AT&T Inc. (T) Q4 Earnings Preview: Direction of Surprise Dictates January EPS Price Response]

Its net profit is likely to come in at $5.6 billion, a decrease of 51.8 percent over the same quarter a year ago. Net profit in the year ago quarter benefited from tax credit of $6.6 billion. After, adjusting for tax credit, the company's net profit is likely to show an increase of 10.9 percent over the same quarter a year ago.

Net-on-net, the company is expected to report an EPS of $0.61 compared with an EPS of $0.55 in the same quarter a year ago.

[Related -T-Mobile US Inc (NYSE:TMUS): AT&T Inc.(NYSE:T) Could Suffer In Wireless War]

The company is likely to announce updates on its T-Mobile acquisition plans in the aftermath of the immense opposition it has encountered from both Sprint and the federal government.

iOnTheMarket Premium


Comments Closed

rss feed

Latest Stories

article imageTwo Picks to Play Defense in a Slowing Economy

Is the economy slowing? Last Thursday the Institute for Supply Management (ISM) reported that its read on...

article imageUS Jobless Claims Fall, Moving Closer To Multi-Decade Low… Again

US jobless claims continue to cast a positive glow on the outlook for the labor market. Today’s weekly read on...

article imageLong-term Relationships and Credit Scores

Unlike many commentators, I tend to think credit scores are a good read on...

article imageIn Defense Of Rolling Return Charts

Robeco’s Lukas Daalder has a bit of an issue with rolling-performance graphics. Bashing a recent chart of read on...

Popular Articles

Daily Sector Scan
Partner Center

Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.