Apr 25, 2017

AT&T gained 2 million U.S. wireless subscribers but revenue missed expectations

Mike Mozart / Flickr Creative Commons

AT&T posted earnings that were about what Wall Street was expecting, but sales were slightly below expectations on lower phone sales. The company took in $39.4 billion in revenue, compared to estimates of around $40.6 billion.

The telecom giant also said it would stop giving revenue guidances as it has found phone sales are just too tough to predict.

On the wireless front, AT&T added 2.1 million U.S. wireless customers and another 600,000 in Mexico.

Separately: It looks like Verizon has indeed decided to one-up AT&T's $1.6 billion offer for 5G spectrum company Straight Path Communications.

Go deeper

World coronavirus updates

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Axios Visuals

Countries where novel coronavirus cases are falling may be hit with a "second peak" if they relax restrictions too soon, World Health Organization emergencies chief Mike Ryan warned during a briefing Monday. "We're still very much in a phase where the disease is actually on the way up," he added.

By the numbers: Brazil on Monday recorded for the first time more deaths from the novel coronavirus in a single day than the United States, Reuters notes. Brazil reported 807 deaths from COVID-19 in the past 24 hours, compared to 620 in the U.S. for the same period.

Palantir CEO reflects on work with ICE

Palantir CEO Alex Karp told "Axios on HBO" that there have "absolutely" been moments he wished the company hadn't taken a contract with Immigration and Customs Enforcement (ICE).

  • "Did I suffer? ... I've had some of my favorite employees leave," Karp told "Axios on HBO."

Michigan governor won't apologize for coronavirus lockdown

Michigan Gov. Gretchen Whitmer defended the strictness of her state's coronavirus lockdown in an interview with "Axios on HBO," saying it was necessary — despite the protests that have drawn national attention — because of how quickly the state's cases were rising.

The big picture: Whitmer, who has been a frequent target of President Trump, insisted that she had to act in the face of a lack of federal leadership — and that thousands more people in her state would have died without the lockdown.