AT&T Reports Mixed Q2 Results in First Earnings After Time Warner Acquisition
Company misses revenue targets, but surpasses on earnings-per-share
Tim Baysinger and Sean Burch | July 24, 2018 @ 1:30 PM
Last Updated: July 24, 2018 @ 3:28 PM
AT&T reported second-quarter earnings on Tuesday that missed Wall Street expectations on revenue but surpassed them on an earnings-per-share basis.
The telecommunications company said in its quarterly filing that diluted earnings per share were 91 cents, above analysts’ consensus expectations of 85 cents per share, according to forecasts on Yahoo Finance. However, revenue for the second quarter was $39 billion, below the $39.4 billion analysts on Wall Street projected.
AT&T’s stock dropped 1.2 percent to $31.30 per share in after-hours trading.
This is the first quarterly earnings since AT&T completed its $84.5 billion acquisition of Time Warner, though it’s still being appealed by the U.S. Department of Justice. AT&T adds a bevy of assets with the deal, including HBO, CNN, and Warner Bros., as the corporate battle for content ramps up. The earnings include 16 days of WarnerMedia results.
AT&T added 342,000 DirecTV Now subscribers, offsetting a loss of 262,000 traditional TV customers. DirecTV Now hit a total of 1.8 million customers for its streaming service, as AT&T works to compete with powerhouses like Netflix, Amazon, and Hulu.
The Dallas-based company highlighted “Ocean’s 8,” one of the Warner Bros. films released during the quarter, for grossing more than $250 million internationally. AT&T also pointed to HBO’s 108 Emmy nominations, second only to Netflix, in its release.
13 Horror Movies to Stream on Netflix for Friday the 13th (Photos)
"The Babadook" (2014)
Essie Davis stars as a single mother who is horrified to discover the monster from her son's nightmares might be real. It's a brilliant psychological character study about a struggling mother on the brink of collapse, but then evolves into a truly fantastical horror parable.
IFC Films
"Hellraiser" (1987)
Written and directed by Clive Barker, "Hellraiser" is the first in a nine-film series about the gateway to the world of Cenobites, monsters that harvest and torture human souls.
New World Pictures
"Creep" (2014)
Patrick Brice's found footage horror film follows a man who begins to suspect he's in danger after he responds a cryptic Craigslist job listing. And be sure to also check out the new sequel!
The Orchard
"Oculus" (2013)
A recent overlooked gem, "Oculus" finds a brother and sister dealing with an evil mirror that may have been responsible for the deaths of their parents when they were children.
Relativity Media
"The Human Centipede: The First Sequence" (2009)
As gross as it gets, this twisted body horror film imagines humans being stitched together, connected by their gastrointestinal systems. The sequel is also on Netflix, but you'll have to venture to Hulu to see the end of the trilogy.
Six Entertainment
"Let Me In" (2010)
"Let Me In" is a remake of the (better) Swedish vampire movie "Let the Right One In" about a young female vampire (Chloe Moretz) who befriends a timid boy (Kodi Smit-McPhee). But Matt Reeves' chillingly lensed film has themes of American politics that the Swedish version didn't touch on and help this remake stand on its own.
Relativity Media
"It Follows" (2014)
A monster that can take any human form slowly stalks and kill you unless you have sex and pass along the bug. It's a killer premise and has an even better synth score that would put "Stranger Things" to shame. David Robert Mitchell's indie horror gem preys upon the idea of always looking over your shoulder and carrying around the guilt and shame of past sexual encounters.
Dimension Films
"The Invitation" (2015)
Karyn Kusama's "The Invitation" is a remarkable character study where the real horror comes from the socially awkward dynamics between old friends. It has a few remarkable twists as you decipher whether something is really wrong or if you're just being paranoid.
Drafthouse Films
"Teeth" (2007)
Pitched as a cautionary tale against male violence towards women, "Teeth" is about a girl who harbors a monstrous pair of teeth inside her, well ... down there.
Roadside Attractions
"The Sixth Sense" (1999)
No matter how many times you've heard the twist or Haley Joel Osment's "I see dead people" line, M. Night Shyamalan's breakout film is still a remarkably taut horror/thriller.
Buena Vista Pictures
"Tale of Tales" (2015)
For some arthouse horror, check out the black comedy fantasy of Matteo Garrone's "Tale of Tales." The film is a bloody, yet colorful and satirical take on several ancient Italian fables with themes of attachments, vices and being corrupted by power.
IFC Films
"Byzantium" (2012)
Saoirse Ronan and Gemma Arterton star in Neil Jordan's undead horror movie about two young women seeking refuge in a small, deserted guest house. They secretly have been alive for 200 years and subsist on human blood, which attracts the attention of unwanted guests.
IFC Films
"XX" (2017)
This collection of four short horror films features all-female directors, Karyn Kusama ("The Invitation"), Roxane Benjamin (producer on "V/H/S"), Jovanka Vukovich and indie rock guitarist St. Vincent making her directorial debut.
Magnet Releasing
BONUS: "Friday the 13th" (1980)
Unfortunately, the original '80s "Friday the 13th" isn't on Netflix, but you can find it on Hulu, Amazon Prime Video, or Epix.
Paramount Pictures
1 of 14
Unfortunately — and ironically — “Friday the 13th” is not available
"The Babadook" (2014)
Essie Davis stars as a single mother who is horrified to discover the monster from her son's nightmares might be real. It's a brilliant psychological character study about a struggling mother on the brink of collapse, but then evolves into a truly fantastical horror parable.
IFC Films
New World Pictures
