Why do we sometimes do earning before market opens or after it closes?
Will the earning be impacted by all the layoffs short term, because of all the severance?
5 replies (most recent on top)
They've also been talking about reducing the headcount to what it was at T-Mobile prior to the merger. Which means if they're only down to 67K they still have another 13 to 14000 that they have to get rid of.
The severance and merger related cost information can be found in the Form 10-Q and 10-K filings.
- Visit the T-Mobile Investor Relations page, at the top, select Financials, then Quarterly Results
https://investor.t-mobile.com/financials/quarterly-results/default.aspx
- Scroll down until you see the “Financial Summary Table”, the table scrolls right, back to 2009
- The 10-K will be in Q4, and will show the approximate employee count at the end of the year. Open the 10-K and CNTRL F search for “employees”. As per the 10-K’s, approximate employee counts are: end of 2023 at 67,000, 2022 at 71,000, 2021 at 75,000, and 2020 at 75,000.
- For the severance expenses and other merger related costs, just CNTRL F search for “severance” in the 10-Q or 10-K. Detailed information can be found in the “Notes”.
Hope this helps.
Because when you can't dazzle 'em with brilliance, you baffle 'em with BS.
Earnings are announced after trading hours to let the market absorb the numbers. In theory this keeps the stock price stable until numbers are fully disclosed and interpreted.
Nope, the payroll numbers are the same until the severance equivalent days are completed, the there is more money left in the bank. It's not just salary savings, it's benefits, office space, and taxes.