With the pace of quarterly earnings set to accelerate, we're likely to see a choppy stock market in the coming days. Read More...
Reuters
AT&T forecasts annual profit below estimates
Signs of an economic recession are prompting U.S. companies to streamline their operations and issue cautious forecasts as they anticipate a drop in demand from customers cutting back on spending. AT&T said it was expecting earnings for 2023 in the range of $2.35 and $2.45 per share, compared with analysts’ estimates of $2.56 per share, according to Refinitiv data. The U.S. carrier added 656,000 postpaid phone subscribers in the latest quarter, above Factset estimates of 644,800 additions.
