-- AT&T (T) 周三公布了超出预期的第一季度业绩，这家电信巨头重申了其全年盈利预期。 该公司公布的截至3月份的季度调整后每股收益为0.57美元，高于去年同期的0.51美元，也高于FactSet调查的0.55美元的普遍预期。营业收入增长2.9%至315.1亿美元，高于华尔街预期的312.5亿美元。 首席执行官约翰·斯坦基在一份声明中表示：“我们第一季度新增高级连接互联网用户数量创历史新高，这证明了我们所建立的资产基础稳固。我们本季度采取的措施表明，我们正在不断提升客户价值主张，加快业务规模扩张，并加速增长。” AT&T 继续预计 2026 年调整后每股收益 (EPS) 将在 2.25 美元至 2.35 美元之间。华尔街预期其非 GAAP 每股收益为 2.30 美元。服务收入预计本年度仍将保持个位数低增长。 该股在最近的盘前交易中下跌了 1.8%。 据该公司称，第一季度先进连接业务收入增长 4.7% 至 284.7 亿美元，主要得益于服务收入增长 3.6% 和设备收入增长 9.3%（后者主要来自无线设备销量增长）。该公司表示，无线服务收入增长 1.7%，主要得益于零售无线用户在渗透率较低领域和融合账户方面的增长。 传统业务收入下降 25% 至 17.7 亿美元，主要原因是服务需求下降。拉丁美洲地区营收达11.7亿美元，高于去年同期的9.71亿美元。 AT&T本季度新增后付费电话用户29.4万，低于去年同期的32.4万，但高于FactSet预测的26.7万。上一季度，该公司新增用户42.1万。
Related Articles
Research
Research Alert: CFRA Keeps Hold Opinion On Shares Of Otis Worldwide Corporation
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We cut our 12-month target to $90 from $100 following Q1 earnings, valuing OTIS shares at 19.6x our 2027 EPS outlook of $4.58 (down from $4.70; 2026 EPS view updated to $4.18 from $4.25), a modest discount to industrial machinery peers' and OTIS's five-year forward multiple average given unclear timing of ongoing margin headwinds. Service margins were disappointing in Q1 (contracting 160 bps to 23%) amid higher labor and material costs that came in above pricing. Weakness in China has yet to stabilize, though as noted in the past, this represents a shrinking area of OTIS's portfolio and will have a more limited effect going forward. Overall, the latest quarter was more of the same (China weakness/New Equipment decline), though with the added concern of margin quality being pressured within Service - the core profit driver for OTIS overall. While efforts to shore up profitability are underway, we see timing of recovery being uncertain.
$OTIS
Asia Markets
Saudi Shares Start Week Higher; US-Iran Peace Talks Canceled
The Tadawul All Share Index closed Sunday 0.11% higher as investors assessed the latest updates regarding the conflict in the Middle East.US President Donald Trump said on his Truth Social account that the Pakistani trip for his envoys, Steve Witkoff and Jared Kushner, was canceled. The announcement dimmed the hopes for peace talks between Iran and the US to happen any time soon.Further to this, Israel launched an attack in Lebanon on April 25. The strikes, which targeted Hezbollah, resulted in four casualties and facility damage in Southern Lebanon.Back at home, Rabigh Refining and Petrochemical (SASE:2380), d/b/a Petro Rabigh, and Thob Al Aseel (SASE:4012) posted their financial results for the three months ended March 31. Petro Rabigh emerged from a loss in the first quarter, while Thob Al Aseel logged a higher net profit and revenue."The reason for net profit reported during the current quarter compared to a net loss recorded in the same quarter of last year was primarily attributable to improved product margins resulting from stronger refined product pricing and higher sales volumes," Petro Rabigh said in its report.Petro Rabigh rose 10% at closing, while Thob Al Aseel ticked down 1.59%.Meanwhile, the local calendar will be mostly empty except for the kingdom's preliminary figures for its GDP growth rate for the first quarter and the M3 money supply and private bank lending data for March on Thursday.
$^TASI$SASE:2380$SASE:4012
Research
Research Alert: CFRA Maintains Hold Rating On Shares Of United Rentals Inc.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lift our 12-month target price to $1,100 from $950 following a strong first quarter, valuing shares at 20.5x our 2027 EPS outlook of $54.28 (in line with previous estimate; 2026 EPS also in line). We believe a higher multiple is justified given URI's firming market leadership within an expanding rental equipment industry. A robust Q1 beat enabled URI to raise its full-year revenue guidance to $16.9B-$17.4B and adjusted EBITDA to $7.625B-$7.875B, citing momentum heading into a busy season. With leverage well below historical levels, we believe accretive M&A deals could serve as a potential catalyst for additional guidance increases. Margin compression has been a sticky issue for URI, but Q1 indicated that pricing may have turned around and that headwinds are starting to ease as quarterly results begin to lap when tariff-related inflation began to pick-up. We remain cautious on margins, though are encouraged by signs of stabilization. New project activity is likely supporting pricing trends, in our view.
$URI