AT&T Sees Certain Trends Affecting 3Q; Affirms Cash Flow, Leverage Goals

Date : 09/11/2019 @ 11:20PM
Source : Dow Jones News
Stock : AT&T (T)
Quote : 37.4  -0.18 (-0.48%) @ 5:55PM

AT&T Sees Certain Trends Affecting 3Q; Affirms Cash Flow, Leverage Goals

AT&T (NYSE:T)
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By Josh Beckerman

 

AT&T Inc. (T) expects trends including lower wireless-equipment revenue to affect third-quarter results.

The company continues to expect free cash flow in the $28 billion range for full-year 2019.

AT&T said that "given the company's confidence in reaching its leverage target, investors should expect share buybacks will be in the mix this year."

 

Write to Josh Beckerman at josh.beckerman@wsj.com

 

(END) Dow Jones Newswires

September 11, 2019 18:05 ET (22:05 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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