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Communication Services : Diversified Telecommunication Services | Large Cap Value
Company profile

AT&T Inc. is a holding company. The Company is a provider of telecommunications, media and technology services globally. The Company operates through three segments: Communication segment, WarnerMedia segment, and Latin America segment. The Communications segment provides wireless and wireline telecom, video and broadband services to consumers. The business units of the Communication segment includes Mobility, Entertainment Group and Business Wireline. The WarnerMedia segment develops, produces and distributes feature films, television, gaming and other content over various physical and digital formats. WarnerMedia segment also includes Xandr, which provides advertising services. Latin America segment provides wireless services in Mexico. Mexico is the business unit of the Latin America segment. Its Xandr segment provides advertising services.

Postmarket

Last Trade
Delayed
$27.05
0.04 (0.15%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$27.01
Day's Change
0.05 (0.19%)
Bid
--
Ask
--
B/A Size
--
Day's High
27.21
Day's Low
26.99
Volume
(Below Average)
Volume:
31,680,179

10-day average volume:
36,474,299
31,680,179

SmileDirect stock drops after cybersecurity incident, financial repercussions disclosed

5:38 pm ET May 3, 2021 (MarketWatch)
Print

By Jeremy C. Owens

Shares decline more than 7% in after-hours trading as direct-to-consumer orthodontics company says incident will cost millions

SmileDirectClub Inc. shares fell more than 7% in after-hours trading Monday afternoon, following official disclosure of a cybersecurity incident and its financial repercussions.

SmileDirectClub (SDC) revealed in a filing with the Securities and Exchange Commission that it was hit by an attack on April 14, causing a systems outage. While the company did not disclose the exact nature of the attack, it did say "no ransom was paid," suggesting it was a ransomware attack.

"At this time, the company is not aware of any data loss from, or other loss of assets as a result of, the incident, including any exposure of customer or team member information," the filing discloses. "The incident, however, has caused, and may continue to cause, delays and disruptions to parts of the company's business, including treatment planning, manufacturing operations, and product delivery."

SmileDirect said that it expects to realize a $10 million to $15 million revenue impact in the current quarter as a result of the incident, though it hopes that relevant insurance coverage will help cover some costs. The company revealed that it now expects $195 million to $200 million in second-quarter sales after subtracting the impact, which comes in lower than analysts' average expectations for $206.7 million, according to FactSet.

SmileDirect also revealed preliminary results for its first quarter in the filing. the direct-to-consumer orthodontics company said that it expects to report a first-quarter net loss of $95.6 million, or 25 cents a share, on sales of $199.5 million. Analysts on average were expecting a loss of 10 cents a share on sales of $196 million, according to FactSet.

SmileDirect expects to fully report first-quarter earnings on May 10.

SmileDirect shares dove more than 7% in after-hours trading Monday, following a decline of a penny to $10.63 in the regular session. The stock has gained 53% in the past year, as the S&P 500 has increased 47.7%.

-Jeremy C. Owens; 415-439-6400; AskNewswires@dowjones.com

	

(END) Dow Jones Newswires

May 03, 2021 17:38 ET (21:38 GMT)

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