Wall Street Breakfast AT&T predicts profit growth acceleration
Dec 3, 2024
AT&T shares its ambitious plans for profit growth, aiming for substantial increases in earnings and cash flow by 2027. The company is focused on boosting its 5G and fiber networks while returning $40 billion to shareholders. Meanwhile, job openings are on the rise, indicating a vibrant labor market. Legal battles are brewing for major players like Apple over the App Store in the UK. Additionally, small-cap stocks are showing promising momentum despite global economic fluctuations.
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AT&T Growth and Shareholder Returns
- AT&T projects significant growth in adjusted EPS and free cash flow by 2027, driven by 5G and fiber subscriber growth.
- They plan to return over $40 billion to shareholders through dividends and repurchases.
Job Openings and Labor Market
- October job openings increased to 7.744 million, exceeding expectations.
- Despite this, the overall labor market appears to be softening.
Apple App Store Lawsuit
- Apple faces a class-action lawsuit in the UK over App Store practices.
- UK developers allege anti-competitive behavior regarding the up to 30% commission Apple charges.