AT&T: 4Q Earnings Snapshot
Posted Jan 29, 2020 08:05:05 AM.
This article is more than 5 years old.
DALLAS (AP) _ AT&T Inc. (T) on Wednesday reported fourth-quarter net income of $2.39 billion.
The Dallas-based company said it had profit of 33 cents per share. Earnings, adjusted for asset impairment costs and amortization costs, were 89 cents per share.
The results exceeded Wall Street expectations. The average estimate of 19 analysts surveyed by Zacks Investment Research was for earnings of 88 cents per share.
The telecommunications company posted revenue of $46.82 billion in the period, which fell short of Street forecasts. Seventeen analysts surveyed by Zacks expected $46.9 billion.
AT&T shares have decreased 1% since the beginning of the year, while the Standard & Poor’s 500 index has climbed slightly more than 1%. The stock has climbed 26% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on T at https://www.zacks.com/ap/T
The Associated Press
