AT&T (T) shares fall after missing Q1 revenue expectations
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Tesla earnings, HSBC break up, jobless claims - what's moving markets
April 20, 2023 7:13 AM EDTBy Peter NurseÂ
Investing.com -- Tesla has disappointed with its first-quarter earnings as the EV manufacturer put growth above profits, while HSBCs management tries to keep the bank together. More earnings are due, while crude slumps on fears of a U.S. economic slowdown.
1. Tesla puts sales growth ahead of profit
Tesla (NASDAQ: TSLA) reported its first-quarter earnings after the close Wednesday, and the electric vehicle manufacturer missed Wall Street estimates, posting its lowest... More
Dow futures fall 165 pts; Tesla earnings weigh on sentiment
April 20, 2023 7:12 AM EDTBy Peter Nurse
Investing.com -- U.S. stocks are seen opening lower Wednesday amid concerns about a future economic slowdown, while disappointing earnings from EV giant Tesla (NASDAQ: TSLA) weighed.
At 06:30 ET (10:30 GMT), the Dow futures contract was down 165 points, or 0.5%, S&P 500 futures traded 30 points, or 0.7% lower, and Nasdaq 100 futures dropped 140 points, or 1.1%.
The main indices closed in a subdued fashion Wednesday, with the blue-chip Dow Jones Industrial Average dropping 80 points, or 0.2%, while both the broad-based S&P... More
AT&T's dismal cash flow sparks selloff in telecoms sector
April 20, 2023 6:33 AM EDTBy Tiyashi Datta
(Reuters) -U.S. wireless carrier AT&T Inc missed market estimates for first-quarter revenue and free cash flow, underscoring the toll from strained consumer wallets and sparking a selloff in the telecoms sector on Thursday.
Following the dour results, shares of AT&T were on track for their worst day in nine months after a 7% slump while Verizon Communications Inc and T-Mobile US Inc lost between 2% and 3%.
Like other sectors, telecom firms this year... More
AT&T (T) Tops Q1 EPS by 2c
April 20, 2023 6:33 AM EDTAT&T (NYSE: T) reported Q1 EPS of $0.60, $0.02 better than the analyst estimate of $0.58. Revenue for the quarter came in at $30.1 billion versus the consensus estimate of $30.24 billion.
For earnings history and earnings-related data on AT&T (T) click here.
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