AT&T is expected to report second quarter earnings and revenue after the bell on Tuesday.
Here’s what Wall Street expects:
- Earnings: 85 cents per share, according to Thomson Reuters
- Revenue: $39.39 billion, according to Thomson Reuters
This quarter marks the first financial report since a district judge approved AT&T’s highly contested $85.4 billion acquisition of Time Warner in June. The companies moved quickly to close the deal and begin combining operations but the Justice Department appealed the court’s decision, to the surprise of AT&T executives, who expressed their commitment to defending the court’s decision and the landmark merger.
On the call, investors will be watching closely to see how CEO Randall Stephenson lays out his strategic vision for the combined company, especially concerning investment in DirecTV and HBO assets and the company’s roadmap for rolling out 5G.
This is breaking news. Please check back for updates.
