AT&T Surpasses Wall Street Expectations in Q4 Results
AT&T delivered stronger-than-expected fourth-quarter results, driven by growth in customer acquisitions.
The telecom giant reported net income of $4.08 billion, or 56 cents per share, up from $2.19 billion, or 30 cents per share, in the same period last year. Excluding one-time items, adjusted earnings came in at 54 cents per share, beating analysts' estimates of 50 cents per share, according to FactSet.
Revenue for the quarter rose slightly to $32.30 billion, exceeding expectations of $32.02 billion.
AT&T added 482,000 postpaid phone connections and 307,000 Fiber customers during the quarter, contributing to its growth.
Chief Executive John Stankey expressed optimism, stating that the company is well-positioned for a new era of growth following foundational work in recent years.
AT&T delivered stronger-than-expected fourth-quarter results, driven by growth in customer acquisitions.
The telecom giant reported net income of $4.08 billion, or 56 cents per share, up from $2.19 billion, or 30 cents per share, in the same period last year. Excluding one-time items, adjusted earnings came in at 54 cents per share, beating analysts' estimates of 50 cents per share, according to FactSet.
Revenue for the quarter rose slightly to $32.30 billion, exceeding expectations of $32.02 billion.
AT&T added 482,000 postpaid phone connections and 307,000 Fiber customers during the quarter, contributing to its growth.
Chief Executive John Stankey expressed optimism, stating that the company is well-positioned for a new era of growth following foundational work in recent years.