AT&T Reports Strong Q4 Earnings, Exceeds Expectations
Dallas, TX - AT&T Inc. (T) released its fourth-quarter financial results on Monday, revealing strong growth and exceeding Wall Street estimates.
Key Highlights:
* Net Income: $4.08 billion, up 0.84% year-over-year
* Earnings Per Share (EPS): $0.56, surpassing analysts' forecast of $0.48
* Adjusted EPS: $0.54
* Revenue: $32.3 billion, exceeding the consensus estimate of $32.29 billion
Annual Performance:
For the full year, AT&T posted:
* Profit: $10.95 billion
* EPS: $1.49
* Revenue: $122.34 billion
Outlook:
The company projects full-year earnings per share for 2023 within the range of $1.97 to $2.07.