Stocks - AT&T Takes Telecoms Down Midday

Telecom stocks took a tumble in midday trading Wednesday as concerns about AT&T’s results hit the stock hard. AT&T (NYSE:T) fell 4.5% as of 11:55 AM ET (15:55 GMT) on revenue numbers for its latest quarter. The company reported earnings after the bell Tuesday. None of their businesses are performing well, Jonathan Chaplin, an analyst at New Street Research, told Reuters. Apart from the one that they only owned for 16 days (Time Warner), the only one that isn’t shrinking is wireless. And wireless isn't growing, it just isn't shrinking anymore. Less bad isn’t the same as good.

Spotlight

As your restaurant or franchise navigates current challenges, you start finding that your old accounting system which worked fine in the past starts holding you back. Manual processes and lack of visibility into your locations as well as across the entire business hinders strategic decisions. Viewing COGS in this way can indicat


Other News

Dom Nicastro | April 03, 2020

Read More

Dom Nicastro | April 03, 2020

Read More

Dom Nicastro | April 03, 2020

Read More

Dom Nicastro | April 03, 2020

Read More

Spotlight

As your restaurant or franchise navigates current challenges, you start finding that your old accounting system which worked fine in the past starts holding you back. Manual processes and lack of visibility into your locations as well as across the entire business hinders strategic decisions. Viewing COGS in this way can indicat

Resources