Stankey tried to put lipstick on a pig but wallstreet isn’t falling for it.
Down another 5% at the open.
When will the dysfunction end?!?!?
16 replies (most recent on top)
Earnings per share is ki-ling T. When you have 7.1billion outstanding shares and you competitors have 4 billion and 1 billion respectively it’s easy for an investors to choose the other companies to invest in. Even with the billions in buybacks, it’s not nearly enough to get inking with VZ and TMob.
Expect layoffs soon based off their cutting cost and managing cost comments. Obviously not enough people quit or retired with the bad treatment and rto.
Can’t cut your way to profits little John and Chicken Legg. All our best and brightest gone and you still can’t meet expectations. Some advice for you, start investing in pizza joints. Its more your speed and you’ll feel right at home skimping on the cheese to boof the customers much the same way you do now.
I HATE MY LIFE.
Eventually even the pig takes a bath and the lipstick is gone!
The investor community has been neutral on ATT stock for several months. The do not see a lot of upside with the stock now. I think one advisor had upside potential at $34/share. While that is still a 33% increase from current price, there is nothing to indicate that ATT will get to that level anytime soon, and the dividend is no longer that spectacular, and Desroaches has commented that he does not intend to raise the dividend.
A lot of things go into these earnings reports and who knows what the market rout is for. Probably people just selling the news, but it wasn’t a stellar quarter. The iPhone stuff won’t hit till 25Q4 and 26Q1. Notice all the focus on wireline in the comments and that’s 1/7th the revenue of mobility. The mobility story is a race to the bottom. I bet most of those net adds came from employees adding lines; hence the big push with Apple Watches with discounts. They will pull that forward.
RTO to new lows!
Can we WFH now?
Earnings was fine. Not a blowout but not a sinking ship. We generally hit expectations but a lot of that was due high demand for the iPhone 17’ and spending tons of money on incentives (hence the revenue miss). The leaders will spin all of this as their “brilliant” strategy working. Stock is meh because what’s the real upside potential for this place? Not much.
This is the LAST place to get investing advice.
ATTENTION WALL STREET!
Employees are telling you to abandon ship! A 5% drop doesn’t begin to reflect the disintegration occurring from within. Leadership are id--ts and rely on two-bit, money grubbing contractors and third world countries to execute and deliver flawed strategies and initiatives.
The CEO and CTO are the biggest hacks to ever reach such positions in corporate America.
We laugh at them as the world is finally awakening to their gross incompetence.
Do what we all do. Grab your money and run!
Oh so we aren’t getting our bonus because Stankey is a sh-----d great
The “market” is finally reacting to his bullcr-p “market” approach over basic human decency for employees (which he calls “loyalty based” apparently).
Good. Glad to see it.
What does it mean to the worker bees? Layoffs??
Yulp