For those financial junkies in the audience, I have a little treat. Let me scroll it out to you in the form of AT&T’s official press release:
AT&T Inc.* (NYSE: T) announced today that the company’s second-quarter 2018 results will be released after the New York Stock Exchange closes on Tuesday, July 24, 2018. At 4:30 p.m. ET the same day, AT&T will host a conference call to discuss the second-quarter results and the recent acquisition of Time Warner. The company’s earnings release, Investor Briefing and related materials will be available at AT&T Investor Relations.
A live webcast of the call will also be available at AT&T Investor Relations, and the webcast replay will be available until September 30, 2018.
AT&T Inc. (NYSE:T) is a diversified, global leader in telecommunications, media and entertainment, and technology. It executes in the market under four operating units. WarnerMedia’s HBO, Turner and Warner Bros. divisions are world leaders in creating premium content, operate the world’s largest TV and film studio, and own a world-class library of entertainment. AT&T Communications provides more than 100 million U.S. consumers with entertainment and communications experiences across TV, mobile and broadband services. Plus, it serves more than 3 million business customers with high-speed, highly secure connectivity and smart solutions. AT&T International provides pay-TV services across 11 countries and territories in Latin America and the Caribbean, and is the fastest growing wireless provider in Mexico, serving consumers and businesses. AT&T ad and analytics provides marketers with innovative, targeted, data-driven advertising solutions around premium video content.
AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc. Additional information is available at about.att.com. © 2018 AT&T Intellectual Property. All rights reserved. AT&T, the Globe logo and other marks are trademarks and service marks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks contained herein are the property of their respective owners.
As seems to be the standard with AT&T, don’t expect any big bombs to drop at that conference call. The days when you could get a juicy tidbit of information at these things have largely passed. Even when a senior AT&T exec drops something tantalizing into conversation, it’s usually so vague that you have to read into it what you want. This usually means that there ends up being nothing there.
Still, pundits will have a field day looking at the subscriber numbers for DIRECTV Satellite, which are likely to be a little softer than the first quarter if history is any indication. Personally I’m not worried about that, as the satellite side seems to be progressing toward becoming a more luxury-oriented service as opposed to a low-cost cable replacement as it was in the 1990s and early 2000s. This is a change that’s been going on for close to a decade and has only accelerated now that AT&T has several low-cost options available for people who want to focus on the finances.