AT&T: 4Q Earnings Snapshot
DALLAS (AP) _ AT&T Inc. (T) on Wednesday reported a fourth-quarter loss of $13.88 billion, after reporting a profit in the same period a year earlier.
The Dallas-based company said it had a loss of $1.95 per share. Earnings, adjusted for one-time gains and costs, were 75 cents per share.
The results beat Wall Street expectations. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of 73 cents per share.
The telecommunications company posted revenue of $45.69 billion in the period, which also topped Street forecasts. Fourteen analysts surveyed by Zacks expected $44.56 billion.
For the year, the company reported a loss of $5.18 billion, or 75 cents per share, swinging to a loss in the period. Revenue was reported as $171.76 billion.
AT&T shares have climbed slightly more than 3% since the beginning of the year, while the Standard & Poor's 500 index has increased 2.5%. The stock has fallen 22% 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
