After the closing bell on Tuesday, AT&T Inc. (T ) released its fourth quarter financial results.
T’s Earnings in Brief
- The company reported earnings of 55 cents per share, up from 53 cents per share last year.
- Revenue increased to $34.44 billion from $33.16 billion a year ago.
- On average, analysts expected to see EPS of 54 cents and $34.27 billion in revenue.
Randall Stephenson, AT&T’s CEO, commented: “Over the last year, we’ve made several moves to significantly transform our business for the future. Our transactions with DIRECTV and Mexican wireless companies Iusacell and Nextel Mexico will make us a very different company. We’ll be unique in the industry because we’ll be able to offer integrated capabilities across a diversified base of services, customers, geographies and technology platforms.”
AT&T will pay its next 47 cent dividend on February 2. The stock went ex-dividend on January 7.
Shares of T were up 68 cents, or 2.07% during after hours trading Tuesday.
The Bottom Line
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