While the company stated that it remains on track to achieving its full-year cash flow targets, this proves a challenging milestone for the Dallas, Texas-based telecommunications company to achieve, given that it has only 6% of the way to achieving this goal.

Shares in the company fell by about 2.5% to $19.20 in premarket trading on Thursday. Despite this fall, the company’s stocks remain 7% higher for the year to date.

Despite missing out on its cash flow target, AT&T succeeded in adding more net subscribers during the first quarter. 424,000 regular monthly phone subscribers were added, exceeding the estimated 400,556 that analysts predicted.

23,000 broadband customers were lost, however, 272,000 new fiber subscribers were gained in the period. AT&T confirmed that its fiber services remain on track to reach 30 million homes and businesses by 2025.

The post AT&T Falls Short on Cash Flow, Beats Subscribers’ Target appeared first on theprimarymarket.com.

The reason for AT&T shares being on a downward trajectory is the recent adjustment of the annual free cash flow forecast. The company now forecasts that it will have a free cash flow of $14 billion in 2022, which is $2 billion less than the previously predicted $16 billion.

AT&T’s adjusted expectations are a result of the fact that some of its customers are paying their bills with delays.

“We view this cycle no differently and still expect customers will pay their bills albeit a little less timely,” AT&T’s Chief Executive John Stankey said in a statement.

AT&T also saw some positives in their Q2 report, announcing the addition of 813,000 regular monthly phone subscribers and more than 300,000 AT&T Fiber net additions. It made good on expectations as well, reporting $29.6 billion revenue and 65 cents a share earnings compared to $29.5 billion revenue and 62 cents a share expected. Finally, the company is predicting a full-year wireless service revenue growth of 5% compared to the expected 3%, thanks to recent price hikes.

The post AT&T Shares Have a 20-Year Slide After Adjusted Annual Free Cash Flow Forecast appeared first on theprimarymarket.com.

While the company stated that it remains on track to achieving its full-year cash flow targets, this proves a challenging milestone for the Dallas, Texas-based telecommunications company to achieve, given that it has only 6% of the way to achieving this goal.

Shares in the company fell by about 2.5% to $19.20 in premarket trading on Thursday. Despite this fall, the company’s stocks remain 7% higher for the year to date.

Despite missing out on its cash flow target, AT&T succeeded in adding more net subscribers during the first quarter. 424,000 regular monthly phone subscribers were added, exceeding the estimated 400,556 that analysts predicted.

23,000 broadband customers were lost, however, 272,000 new fiber subscribers were gained in the period. AT&T confirmed that its fiber services remain on track to reach 30 million homes and businesses by 2025.

The post AT&T Falls Short on Cash Flow, Beats Subscribers’ Target appeared first on theprimarymarket.com.

The reason for AT&T shares being on a downward trajectory is the recent adjustment of the annual free cash flow forecast. The company now forecasts that it will have a free cash flow of $14 billion in 2022, which is $2 billion less than the previously predicted $16 billion.

AT&T’s adjusted expectations are a result of the fact that some of its customers are paying their bills with delays.

“We view this cycle no differently and still expect customers will pay their bills albeit a little less timely,” AT&T’s Chief Executive John Stankey said in a statement.

AT&T also saw some positives in their Q2 report, announcing the addition of 813,000 regular monthly phone subscribers and more than 300,000 AT&T Fiber net additions. It made good on expectations as well, reporting $29.6 billion revenue and 65 cents a share earnings compared to $29.5 billion revenue and 62 cents a share expected. Finally, the company is predicting a full-year wireless service revenue growth of 5% compared to the expected 3%, thanks to recent price hikes.

The post AT&T Shares Have a 20-Year Slide After Adjusted Annual Free Cash Flow Forecast appeared first on theprimarymarket.com.