AT&T’s revenue trend
AT&T’s (T) net revenue was $170.8 billion in 2018 compared to $160.5 billion in 2017, indicating a ~6.4% YoY (year-over-year) rise. AT&T’s net revenue in the fourth quarter of 2018 was $48.0 billion compared to $41.7 billion in the fourth quarter of 2017, indicating a ~15.2% YoY rise.
Analysts expect AT&T’s revenue to rise 18.7% YoY to $45.2 billion in the first quarter, 7.8% YoY to $184.1 billion in 2019, 0.3% YoY to $184.7 billion in 2020, and 0.3% YoY to $185.3 billion in 2021.
Verizon’s revenue trend
Verizon’s (VZ) net revenue was $130.9 billion in 2018 compared to $126.0 billion in 2017, indicating a ~3.8% YoY rise. Verizon’s net revenue in the fourth quarter of 2018 was $34.3 billion compared to $34.0 billion in the fourth quarter of 2017, indicating a ~1.0% YoY rise.
Analysts expect Verizon’s revenue to rise 1.6% YoY to $32.3 billion in the first quarter, 1.0% YoY to $132.2 billion in 2019, 1.1% YoY to $133.7 billion in 2020, and 1.1% YoY to $135.2 billion in 2021.
In 2018, Verizon (VZ) posted interest expenses of $4.8 billion, a YoY (year-over-year) rise of 2.1%.
Broadcom (AVGO) stock fell ~8.5% after markets closed yesterday following the semiconductor giant's fiscal 2019 second-quarter earnings release. It missed analysts' revenue estimate and cut its fiscal 2019 revenue guidance by $2 billion to $22.5 billion due to sluggishness in its semiconductor solutions business.
The SPDR Gold Shares ETF (GLD), which tracks physical gold prices, has underperformed the broader markets year-to-date, rising just 4.4% compared to the S&P 500’s (SPY) gain of 15.9% as of June 14. The sentiment for gold, however, has been turning around.
Safe havens such as Treasuries and gold were back in favor on June 14 as stocks fell due to rising tensions in the Middle East, concerns over growth, and the looming threat of the US-China trade war. The tech-heavy Nasdaq Composite Index fell 0.67% in the first hour of trading.
Lululemon (LULU) stock rose 2.1% on June 13 in reaction to better-than-expected first-quarter results and an upgraded outlook for fiscal 2019 overall. The company's first-quarter adjusted EPS grew 34.5% to $0.74 on revenue growth of 20.4% to $782.32 million. Analysts had expected EPS of $0.70 and revenue of $755.31 million. Here's why the outlook got an upgrade.
As of 4:40 AM Eastern Time today, US crude oil active futures were at $51.83, ~4% below their closing level in the previous week. If US crude oil prices stay at those levels today, they'll mark their third week of decline in five weeks.
Amazon is discontinuing its Amazon Restaurants service, which has been delivering food for restaurants in parts of the United States. Amazon Restaurants launched in the United States in 2015 and entered the British market the following year. However, it met strong opposition in the British market.