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A man walks with an umbrella outside of AT&T corporate headquarters on March 13, 2020 in Dallas, Texas.
Ronald Martinez | Getty Images
AT&T shares fell Thursday after the company said its cash flow was hurt by customers’ later phone payments and company spending on building 5G infrastructure.
AT&T said customers have been paying their bills about two days later than they did the same time last year. That alone affected about $1 billion in quarterly cash flow, the company said.
“There’s clearly some dynamics in the economy. We have customers that are stretching out their payments a little bit,” AT&T CEO John Stankey told CNBC. “We expect that they’re going to continue to pay their bills, but…
Source cnbc.com
