AT&T Inc. (NYSE: T) reported first-quarter 2018 results after markets closed on Wednesday. The telecom giant reported adjusted diluted quarterly earnings per share (EPS) of $0.85 on revenues of $38.04 billion. In the same period a year ago, the company reported EPS of $0.74 on revenues of $39.37 billion. First-quarter results also compare to the consensus estimates for EPS of $0.87 on revenues of $39.31 billion.
On a GAAP basis, the company reported quarterly EPS of $0.75. Net income attributable to AT&T totaled $4.66 billion compared to $3.47 billion in the first quarter of last year.
Operating cash flow totaled $8.9 billion and capital expenditures totaled $6.1 billion in the first quarter. Free cash flow totaled $2.8 billion.
CEO Randall Stephenson said:
We’re off to a good start in 2018, both in growing our customer base and in building theworld’s premier gigabit network. Our investment in customer growth and our integrated service offerings helped drive solid first quarter subscriber gains across our wireless, video and broadband businesses. We also moved quickly to deploy FirstNet, and we expect the buildout to accelerate as we go forward. Our fiber deployments for business and residential customers now pass more than 16 million customer locations. And we’re set to launch our next-generation DIRECTV NOW platform, which will offer cloud DVR and an additional video stream.
Hot Stocks To Watch For 2018: Farmers National Banc Corp.(FMNB)
- [By Joseph Griffin]
Farmers National Banc (NASDAQ:FMNB)‘s stock had its “hold” rating reissued by equities researchers at Keefe, Bruyette & Woods in a note issued to investors on Thursday. They presently have a $18.00 price target on the bank’s stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 21.62% from the company’s previous close.
Hot Stocks To Watch For 2018: Vanguard Total Bond Market ETF (BND)
- [By Selena Maranjian]
You can also opt for exchange-traded funds, or ETFs, that focus on the same indexes — such as the SPDR S&P 500 ETF(NYSEMKT: SPY), Vanguard Total Stock Market ETF (NYSEMKT: VTI), and Vanguard Total World Stock ETF (NYSEMKT: VT). You can balance out your portfolio with bonds via index mutual funds and ETFs, too. The Vanguard Total Bond Market ETF (NYSEMKT: BND) is one such option.
Hot Stocks To Watch For 2018: Cellect Biotechnology Ltd. (APOP)
- [By Lisa Levin]
Cellect Biotechnology Ltd. – American Depositary Shares (NASDAQ: APOP) shares were also up, gaining 135 percent to $7.79 after the company disclosed that it has received a notice of allowance from the US Patent Office protecting its technology in multiple key indications.
- [By Chris Lange]
Cellect Biotechnology Ltd. (NASDAQ: APOP) reported that it received a formal notice from the U.S. Patent and Trademark Office (USPTO)regarding its method of treatment for immune related disorders. Basically, the USPTO gave a notice of allowance which broadly means the agency intends to issue a patent approval. The treatment method relates to the engineering of regulatory immune cells with enhanced apoptotic activity used for the treatment or prevention for the unmet needs seen in type 1 diabetes, inflammatory bowel disease, graft versus host disease, and transplant rejection.
Hot Stocks To Watch For 2018: BankUnited, Inc.(BKU)
- [By Lisa Levin]
Monday afternoon, the financial sector proved to be a source of strength for the market. Leading the sector was strength from Bank of Marin Bancorp (NASDAQ: BMRC) and BankUnited (NYSE: BKU).
- [By Lisa Levin]
On Monday, the financial sector proved to be a source of strength for the market. Leading the sector was strength from Eagle Bancorp, Inc. (NASDAQ: EGBN) and BankUnited (NYSE: BKU).
Hot Stocks To Watch For 2018: Myriad Genetics, Inc.(MYGN)
- [By ]
Myriad Genetics (MYGN) : “This is an early stage company. Good spec, bad chart.”
Skechers USA (SKX) : “I think they’re doing well. I think it’s really good and they’ve done a good job.”
- [By ]
In the Lightning Round, Cramer was bullish on Dropbox (DBX) , Spotify (SPOT) , Myriad Genetics (MYGN) , Skechers USA (SKX) , Enterprise Products Partners (EPD) and American Water Works (AWK) .
- [By Cory Renauer]
Shares of Myriad Genetics, Inc. (NASDAQ:MYGN), a DNA diagnostics specialist, dropped 61.4% last year, according todata from S&P Global Market Intelligence.Efforts to offset hereditary cancer-testing segment losses just weren’t successful enough to keep profits, and the stock, from sliding last year.