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Stocks in the News: AT&T, Facebook, Boeing, Barnes and Noble

AT&T

The phone company added only 151,000 net new subscribers in the third quarter, well below analysts' estimates for about 358,000. AT&T (T) reported EPS of 63, topping estimates for 60 cents per share. Revenue of $31.46 billion missed expectations for $31.49 billion. The company joined rival Verizon (VZ) in mentioning a shortage of the latest version of Apple's (AAPL) iPhone. Limited supplies mean the majority of iPhone sales in the quarter were to existing customers rather than new customers. That may have had a positive impact on the company's results as the subsidies on new phones for new customers tend to cut into the company's bottom line.

 

Facebook

The social network surprised just about everyone Tuesday evening when it reported that it now gets 14% of its revenues from mobile ads. That segment rose to $150 million in revenues in the third quarter, compared to $40 to $50 million in the second quarter and almost nothing in the first quarter. Total revenue in the quarter was $1.26 billion, edging out estimates for $1.23 billion. The company posted adjusted earnings of 12 cents per share, topping analysts' expectations by a penny.

For more about Facebook's earnings click here.

 

Boeing

Aircraft maker Boeing (BA) reported EPS of $1.35 per share for the third quarter, well above estimates for $1.12 per share. Excluding the impact of increased pension expenses, the results would have been 18 cents higher. Revenues were $20 billion during the quarter. The company raised its full-year guidance to $4.80 to $4.95 per share, up from $4.40 to $4.60 per share previously forecast. Analysts had expected $4.72 per share.

 

Barnes & Noble

The bookseller and tablet maker said Tuesday evening that customers at 63 stores in nine states may have had their credit card information stolen. Barnes & Noble (BKS) said it had found a problem with PIN-pad devices used by customers. All of the devices were deactivated on Sept. 14 and recalled them for physical inspection. The company determined that 63 devices from 53 different stores had been tampered with. Customers who may have been impacted are advised to change their PINs and review their account statements.

 

Bobby Raines is the Managing Editor of the Market Intelligence Center. He has degrees in Mass Communications and History from Emory & Henry College. Bobby worked at a mid-sized daily newspaper before making a switch to covering the financial industry full time in the years leading up to the financial crisis. He has been a member of the Fresh Brewed Media team since 2011 and has served as a writer and analyst. You can write to him at braines@marketintelligencecenter.com.

Bobby Raines

Bobby Raines is the Managing Editor of the Market Intelligence Center. He has degrees in Mass Communications and History from Emory & Henry College. Bobby worked at a mid-sized daily newspaper before making a switch to covering the financial industry full time in the years leading up to the financial crisis. He has been a member of the Fresh Brewed Media team since 2011 and has served as a writer and analyst. You can write to him at braines@marketintelligencecenter.com or follow him on Twitter: @BRatMICenter.