AT&T Inc
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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, Business Wireline and Consumer 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 entertainment and wireless services outside of the United States. Mexico is the business unit of the Latin America segment, which provides wireless service and equipment to customers in Mexico.

Closing Price
Day's Change
0.41 (1.78%)
B/A Size
Day's High
Day's Low
(Above Average)

10-day average volume:

Lion Electric stock rallies after revenue rises above expectations, while losses widened

7:13 am ET August 13, 2021 (MarketWatch)

Shares of Lion Electric Co. (LEV) rallied 3.6% in premarket trading Friday, after the electric vehicle maker reported second-quarter revenue that nearly tripled to beat expectations, while losses widened amid higher administrative and selling expenses and transaction costs. The net loss widened to $181.6 million, or $1.13 a share, from $1.4 million, or 1 cent a share, in the year-ago period. The loss in the latest quarter included $167.7 million related to share-based compensation, increase in fair value of share warrant obligations and transaction costs. The FactSet consensus was for a per-share loss of 5 cents. Revenue increased 175% to $16.7 million, above the FactSet consensus of $16.2 million, as vehicle sales volume grew 177% to 61 units. Cost of sales rose 214% to $15.8 million. "Various levels of governments across North America are sending strong signals to support transport electrification, resulting in an increased unprecedented interest from both our public and private clients. This bodes well for our long-term growth," said Chief Executive Marc Bedard. The stock has gained 2.3% over the past three months through Thursday, while shares of EV leader Tesla Inc. (TSLA) have run up 26.3% and the S&P 500 has gained 8.5%.

-Tomi Kilgore


(END) Dow Jones Newswires

August 13, 2021 07:13 ET (11:13 GMT)

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