Jim Cramer's Thoughts on Earnings Season and AT&T's Earnings

Credit: The Street
Published on October 28, 2019 - Duration: 04:52s

Jim Cramer's Thoughts on Earnings Season and AT&T's Earnings

It's earnings season!

Jim Cramer weighs in on AT&T's earnings and earnings season in general.

Earnings Season Whew.

Jim Cramer has some thoughts on an earnings season that's gone haywire.

"In the old days, when I used to be able sell short stocks, often my goal would be to approximate which companies, come reporting time would miss quarters and cut forecasts.

All of these big cyclical companies qualify for those negatives.

Therefore, after their earnings were reported, analysts should cut numbers and the stocks should fall.

As someone who liked to short, I knew I would pretty much have a guaranteed opportunity to make some money if a company's report hit that criteria," Cramer wrote.

Read his full column over on Real Money.

Real Money Stock of the Day AT&T Let's talk about AT&T after the company posted earnings Monday morning.

"AT&T said adjusted earnings for the three months ending in September came in at 94 cents per share, up 4.4% from the same period last year and one penny ahead of the Street consensus forecast.

Group revenues, AT&T said, fell 2.5% to $44.6 billion, missing analysts' forecasts of a $45 billion tally, as it added a much better-than-expected 101,000 new customers to its wireless service that pay a monthly bill," reported TheStreet's Martin Baccardax.

Looking into the near-term, AT&T said it sees adjusted earnings in 2020 of between $3.60 and $3.70 per share and consolidated revenue growth of between 1% and 2% for the next three years.

Bull Market Fantasy: LIVE TUESDAY & THURSDAY @10:45AM Subscribe to our Youtube Channel for more videos : Listen our latest Podcasts on Soundcloud Catch Up: Today's Top News Videos Below

Advertisement

You are here

Recent related videos from verified sources

What to Expect From Earnings Season 00:33
Credit: The Street - Published 2 weeks ago 

Jim Cramer on Star Wars, Tesla, Nike and the Democratic Debate 08:04
Credit: The Street - Published on December 20, 2019 

You might like