AT&T Forecasts Earnings, Sales Growth Following DirecTV Deal
Posted in: UncategorizedAT&T forecast annual growth in profit and revenue through 2018 after buying DirecTV and two Mexican wireless companies.
“We’re a different company than when we began the year and it shows in what we’ll be able to offer customers and in our financial outlook. We’ve diversified our capabilities, added significant scale in video and mobility and can now deliver integrated services that set us apart from the competition,” Randall Stephenson, chairman and CEO, said in a statement.
Earnings per share excluding some items will be $2.62 to $2.68 this year, Dallas-based AT&T said Wednesday. Capital spending will be about $21 billion, including interest from airwaves assets and free cash flow will be in the $13 billion range, the carrier said.
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