AT&T (T) Stock Slides in After-Hours Trading Following Q2 Results
NEW YORK (TheStreet) -- Shares of AT&T (T) - Get Report are declining 1.46% to $41.90 in after-hours trading Thursday after the Dallas-based company reported in-line earnings, but lower-than-expected revenue for the 2016 second quarter.
After today's market close, the telecom giant reported earnings of 72 cents per share, which matched analysts' estimates.
Revenue jumped more than 22% to $40.52 billion from last year, but was below analysts' forecasts of $40.62 billion.
Results were helped by the company's acquisition of DIRECTV last year, the company said.
AT&T added 2.1 million wireless net adds in North America during the period.
(AT&T is held in the Dividend Stock Advisor portfolio. See all of the holdings with afree trial.)
Separately, TheStreet Ratings Team has a "Buy" rating with a score of A+ on the stock.
The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, good cash flow from operations, expanding profit margins and solid stock price performance.
The team believes its strengths outweigh the fact that the company has had generally high debt management risk by most measures that were evaluated.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: T