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General

AT&T withdraws revenue growth forecast after drop in Q1

Wednesday 26 April 2017 | 09:02 CET | News
AT&T reported a small drop in first-quarter results, hurt by lower handset sales and merger integration costs. Revenues dropped to USD 39.4 billion from USD 40.5 billion a year ago, and the US operator withdrew its forecast for a return to revenue growth this year, saying equipment sales were too volatile to allow it to issue guidance. The company still expects to grow its adjusted margin over 2017, and the figure rose 80 basis points year-on-year in Q1 to 20.7 percent. Net profit fell to USD 3.5 billion from USD 3.8 billion a year ago due to merger integration costs and other one-time items,

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Categories: General
Countries: United States
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