Today’s Research Reports on Stocks to Watch: Spectrum Brands and AT&T

NEW YORK, NY / ACCESSWIRE / April 27, 2018 / Shares of Spectrum Brands and AT&T were both in the red in Thursday trading after reporting financial results that discouraged traders. Spectrum Brands fell on weak second quarter results while AT&T fell on first quarter results that missed on both the top and bottom line.

RDI Initiates Coverage on:

Spectrum Brands Holdings, Inc.
https://www.rdinvesting.com/report/?ticker=SPB

AT&T Inc.
https://www.rdinvesting.com/report/?ticker=T

Spectrum Brands Holdings, Inc. shares closed up 20.40% on almost 12 million shares on Thursday. The big loss came after the company announced that its CEO Andreas Rouve is stepping down. The fact that the company also missed estimates in its second quarter earnings report also had traders on the edge. Sales from continuing operations for the quarter hit $766.1 million, not including the global batteries and appliances unit of the company which is for sale. This was way below the $798.8 million that analysts had expected. Adjusted earnings per share were $0.56, also way below the $1.01 that analysts waited for. Executive Chairman David Maura, who is replacing Rouve, remarked that the results were “very disappointing,” but also optimistically added, “We believe it is in no way reflective of the underlying earnings power of our continuing operations.” As a further explanation, he said, “The challenges related to our two greenfield manufacturing and distribution projects were meaningfully greater than we expected.”

Access RDI’s Spectrum Brands Holdings, Inc. Research Report at:
https://www.rdinvesting.com/report/?ticker=SPB

AT&T Inc. shares closed down almost 6% on Thursday with about 132 million shares traded. Trading volume was significant compared to the stock’s average trading volume of nearly 27 million shares. Shares fell hard after the company released first quarter results that failed to impress Wall Street. The telecommunications company missed expectations across the board with shares falling almost 8% in mid after-noon trading. Revenue at $31.8 billion was a drop of 3.6% YOY and was much lower than the $39.3 billion that analysts had expected. Adjusted earnings per share of $0.85 cents was a 15% gain YOY but was also lower than the $0.87 that analysts had called for. The company is in the midst of battling the U.S. Department of Justice in court as it aims to takeover Time Warner for $85.4 billion. Recently the company’s CEO Randal Stephenson had said that AT&T would be introducing a new video service called AT&T Watch for $15 a month.

Access RDI’s AT&T Inc. Research Report at:
https://www.rdinvesting.com/report/?ticker=T

Our Actionable research on Spectrum Brands Holdings, Inc. (NYSE: SPB) and AT&T Inc. (NYSE: T) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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