AT&T withdraws its financial targets, citing uncertainty caused by the recent wave of coronavirus-related job losses
AT&T Inc. warned that the coronavirus crisis is clouding its financial outlook as cash-strapped customers spend less and TV production grinds to a halt.
The Dallas telecommunications company on Wednesday withdrew the financial targets it gave investors in November, citing the economic uncertainty caused by the recent wave of job losses. Executives previously had projected three years of moderate revenue growth powered by the company’s core cellphone business.
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