UPDATE: AT&T revenue falls short of estimates

NVE Corp

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Information Technology : Semiconductors & Semiconductor Equipment | Small Cap BlendCompany profile

NVE Corporation develops and sells devices that use spintronics, a nanotechnology that relies on electron spin to acquire, store and transmit information. The Company manufactures spintronic products, including sensors and couplers that are used to acquire and transmit data. The Company has also licensed its spintronic magnetoresistive random access memory technology (MRAM). Its parts are found in industrial, scientific, and medical applications. The Company's products include sensors, couplers and MRAM products. Its sensor products detect the strength or gradient of magnetic fields and are used to determine position or speed. Its spintronic couplers combine a GMR sensor element and an IsoLoop integrated microscopic coil. MRAM uses spintronics to store data. It combines the speed of static random-access memory (SRAM), the density of dynamic random-access memory (DRAM) and the nonvolatility of flash memory. Data is stored in the spin of the electrons in thin metal alloy films.

UPDATE: AT&T revenue falls short of estimates

10:57 am ET January 30, 2019 (MarketWatch) Print

AT&T Inc. (T) said Wednesday it had net income of $4.86 billion, or 66 cents a share, in the fourth quarter, down sharply from $19.04 billion, or $3.08 a share, in the year-earlier period, when it booked a large tax benefit. Adjusted per-share earnings came to 86 cents, matching the FactSet consensus. Revenue rose to $47.9 billion from $41.7 billion, just below the FactSet consensus of $48.5 billion. "Our top priority for 2018 and 2019 is reducing our debt and I couldn't be more pleased with how we closed the year," CEO Randall Stephenson said in a statement. "In 2018, we generated record free cash flow while investing at near-record levels." The company added 3.8 million wireless subscribers in the quarter, and more than 147,000 phone subscribers in the U.S. The company said it is backing its 2019 guidance, which includes the expectations of free cash flow in the $26 billion range. Shares were flat premarket but have fallen 18% in the last 12 months, while the S&P 500 has fallen 6.5%.

-Ciara Linnane; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

January 30, 2019 10:57 ET (15:57 GMT)