AT&T (T) beats Wall Street expectations for Q4 earnings, revenue

Clay Webster FXStreet

AT&T (T) beat consensus on both the top and bottom lines with its Q4 earnings release coming out before the market opened on Wednesday. The legacy telecom reported adjusted earnings per share (EPS) of $0.78 compared with the analyst forecast of $0.75.

Revenue of $41 billion beat the forecast by $550 million but was down 10% YoY. The stock rose 1.1% in the premarket to $26.77.

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Author

Clay Webster

FXStreet

Clay Webster grew up in the US outside Buffalo, New York and Lancaster, Pennsylvania. He began investing after college following the 2008 financial crisis.

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