https://finance.yahoo.com/news/why-t-verizon-starting-struggle-142222710.html
This week, AT&T reported earnings of $4.1 billion, 56 cents per fully diluted share, on revenues of $44.8 billion. This included results from what AT&T now calls WarnerMedia, including HBO and CNN.
Verizon reported earnings of $5.16 billion, $1.22 per share, on revenues of $32.1 billion. This included results from Verizon Media Group, the former AOL and Yahoo.
Investors roundly booed both sets of numbers, which came up short of previous estimates, sending Verizon down 2% and AT&T down 3%. Both companies had claimed they would get synergies from their diversification efforts. That’s not happening.
Submitted April 27, 2019 at 12:59AM by coolcomfort123 http://bit.ly/2ZFPvWS
