AT&T results miss estimates as pay-TV competition rises

26 October, 2017, 12:23 | Author: Sammy Rose
  • AT&T results miss estimates as pay-TV competition rises

The battle for the growing market in providing video entertainment on phones has taken on greater importance as AT&T slugs it out with industry leader Verizon Communications Inc and smaller rivals Sprint Corp and T-Mobile US Inc for customers in a saturated wireless market. But the company gained 130,000 post-paid phone subscribers, or customers who pay at the end of the month and typically boast higher credit scores and more expensive bills.

AT&T, which owns DirecTV and is trying to merge with Time Warner, said it lost 85,000 video subscribers in the latest quarter. "DirecTV is now losing subscribers, compounding rather than offsetting the decline at U-verse".

At Sept. 30, 2017, AT&T had 25.08 million video subscribers in the USA, including 787,000 for DirecTV Now.

On the company's quarterly conference call, AT&T's Chief Financial Officer John Stephens said once the deal with Time Warner closes, the company is planning to build out new services and platforms to complement its bundling strategy, according to a FactSet transcript.

"Since then, declines in the broader pay-TV distribution sector have accelerated from 1.4 percent per year to what we forecast will be ~3.4 percent this quarter", Moffett said in the note.

Aid group says Madagascar plague outbreak yet to reach peak
It was known as the "Black Death" during the fourteenth century, causing more than 50 million deaths in Europe. The report further advises countries at risk to strengthen screening processes at their points of entry.


Marilyn Manson Sheds Bassist Jeordie White after Rape Claims | Official Statement Here
Jessicka Addams , lead singer in the band Jack Off Jill , accused him in a lengthy Facebook post she shared earlier today. I have made a decision to part ways with Jeordie White as a member of Marilyn Manson .


Letter to the editor: National Football League players are exercising their rights
Of those, 37 (12%) directly addressed the NFL or respecting the national anthem and US flag. 41% say they did the wrong thing. He needs to change "should" to "must" stand for the national anthem.


As previously reported by the company, AT&T had heavy linear video subscriber losses for the third quarter of 2017, losing 385,000 in total, but showed strong gains for its virtual DirecTV Now platform.

Overall for the third quarter ended 30 September 2017, the comms giant posted consolidated revenues of $39.7 billion, $1.2 billion down on the same period a year ago. Adjusted earnings per share of 74 cents were unchanged from 2016 and a penny less than analysts expected.

Roughly 26% of AT&T's traditional TV subscribers also have wireless, up from 22% during the same quarter in 2015, said Macquarie analyst Amy Yong.

In the same filing, AT&T also reported 900,000 fewer handset equipment upgrades than in the year-ago period, which negatively impacted wireless equipment revenue.

Recommended:

  • UP seeks stay on demolition of parking lot near Taj Mahal

    UP seeks stay on demolition of parking lot near Taj Mahal

    Oak gave a very meticulous version of how the Taj was a royal palace seized by Shah Jahan and turned into a tomb. A minister said it could be replaced by the Guru Gorakhnath peeth instead.
    Sushma Swaraj seeks report after Swiss couple brutally attacked in Fatehpur Sikri

    Sushma Swaraj seeks report after Swiss couple brutally attacked in Fatehpur Sikri

    Agra's Superintendent of Police, Amit Pathak, said the suspects had been identified and would be arrested soon. When Jeremy tried to stop the youths, they turned violent and attacked the couple with stones and sticks.
    Parker to warm up in G

    Parker to warm up in G

    Second-year point guard Dejounte Murray has started in his place and has averaged 13.3. points, 9.7 rebounds, and 4.7 assists. Parker averaged 10.1 points in 63 regular season games last season - his lowest total since his 2001-02 rookie campaign.
  • LG Display Q3 profit surges on year-end demand for TVs, mobile devices

    LG Display Q3 profit surges on year-end demand for TVs, mobile devices

    The company saw its sales rise 5.2 percent to 6.97 trillion won (US$6.18 billion) over the same period. Total revenues in Q3FY17 lifted 4% to US$6.19 billion, compared to the same time previous year .
    New US memo makes it tougher to renew H-1B visa

    New US memo makes it tougher to renew H-1B visa

    The new policy revokes and supersedes the 2004 guidance and Section VII of the 2015 guidance. Francis Cissna, who was sworn in this month.
    Mehbooba's Advisory to Police: Don't Attack Militants' Families

    Mehbooba's Advisory to Police: Don't Attack Militants' Families

    She also referred to the incidents of October 17-18, when terrorists killed a PDP worker and burnt his house the next day. Ms Mehbooba also warned the police against carrying out retaliatory strikes that target families of the terrorists.
  • BMW X2 unveiled, a brand new crossover with a fresh design

    BMW X2 unveiled, a brand new crossover with a fresh design

    The BMW X2 xDrive28i has 228 hp and 258 lb-ft. of torque and the four-cylinder is mated to an eight-speed automatic transmission. Anyone who orders their BMW X2 with one of the two M Sport Packages will automatically receive at least 19-inch wheels.
    John Kelly is not living up to Marine Corps values

    John Kelly is not living up to Marine Corps values

    La David Johnson, who was killed during an ambush in Niger, "disrespectful" and calling Trump himself a "sick man". Since then, there has been a call for Kelly to acknowledge that his comments were untrue and apologize for them.
    Salgaonkar suspended, confirms BCCI acting president

    Salgaonkar suspended, confirms BCCI acting president

    At the same time, the ICC match referee also saw the pitch and said that it is absolutely flawless for an global match. He further said that the pitch curator will be "punished severely" if found guilty.
  • Teacher's body found after husband kills self

    Teacher's body found after husband kills self

    In the note, he expressed remorse for his wife's disappearance and explained that the couple had a fight, Fox17 reported. The body of a missing MI teacher was discovered Tuesday, the same day her husband was found dead in their home.
    GrubHub Inc. (GRUB): Insider Trading and Ownership Analysis

    GrubHub Inc. (GRUB): Insider Trading and Ownership Analysis

    The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink . PPG Industries, Inc. (PPG) have shown a high EPS growth of -4.50% in the last 5 years and has earnings decline of -56.90% yoy.
    Joe Marler to miss Wallabies clash through suspension

    Joe Marler to miss Wallabies clash through suspension

    Marler will be available for selection for England's final November clash against Samoa a week after the Australia game. England prop Joe Marler and number eight Nathan Hughes were also cited.


Popular

Ofcom slashes phone bills for one million BT landline customers
Separately, Ofcom's Narrowband review suggests that "regulation of voice services may no longer be necessary in future". BT landline-only customers will save more than a third each year on their line rental bill, Ofcom has announced.

$0.06 EPS Expected for EnLink Midstream LLC (ENLC)
This is calculated by taking weekly log normal returns and standard deviation of the share price over one year annualized. Joseph Piotroski developed the F-Score which employs nine different variables based on the company financial statement.

C4's Jay Hunt joins Apple
Jay Hunt , who until recently was chief creative officer at Channel 4, has been named as creative director, Europe, in Apple's video team.

Passengers boarding LCCs bound for U.S. subject to enhanced security checks: ministry
An airline spokesman said: " We always follow the rules and regulations set out by the United States authorities. Royal Jordanian, based in Amman, also has said it would introduce the new procedures in mid-January.

Valve introduces Digital Gift Cards to Steam
Declined gift cards are refunded, either to the original payment method if supported, or otherwise to your Steam wallet. Since it is digital, there is no need to purchase it in retail stores or in online stores before use.

Scots author gets £46 Glasgow-Crete flight to herself
So, Grieve took the trip as the solitary passenger on board. "The crew arrived - the pilot, first officer and the air stewards. Well, a Scottish woman who was flying to Greece had the opposite experience: She was the only passenger on the 189-seat plane.

NAB references: Maryam Nawaz, Captain (r) Safdar appear in accountability court
Separately, Maryam Nawaz and Captain (retd) Muhammad Safdar appeared before the Accountability Court in Islamabad today. The court then indicted Sharif in another reference regarding Aziza Steel Mills and Hill Metals Establishment.

The Hengehold Capital Management LLC Boosts Position in Walt Disney Co. (DIS)
Bluestein R H And stated it has 389,231 shares or 2.4% of all its holdings. 108 funds opened positions while 357 raised stakes. Jaffetilchin Investment Partners Llc increased Align Technology Inc (ALGN) stake by 113.21% reported in 2017Q2 SEC filing.

17-year-old immigrant undergoes abortion after legal battle with Trump administration
Supreme Court has ruled that "the government has a legitimate and substantial interest in preserving and promoting fetal life". "Today, Jane finally got justice, but the fight is far from over", Schneiderman said Wednesday.

Turkish court frees activists pending verdicts
Gulen denies any involvement in the failed coup. "The case will be a test case for Turkey's judiciary", he told AFP. Amnesty International said there was not "a shred of evidence" against the defendants.