AT&T Surpasses Wall Street Expectations in Q4 Results

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Samiat

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Nov 12, 2024
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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.