AT&T posts 4Q profit, higher revenue

Jan 28, 2014

AT&T is posting stronger-than-expected earnings for the final quarter of 2013, helped by higher revenue from mobile and Internet service subscribers.

AT&T Inc. said Tuesday that it earned $6.9 billion, or $1.31 per , in the October-December period. That's up from a loss of $3.8 billion, or 68 cents per share, in the same period a year earlier.

The latest quarter's results included a pension-related gain of $7.6 billion, tax expenses and other items. Adjusted earnings were 53 cents per share in the latest quarter, beating analysts' expectations by 2 cents.

Revenue rose 2 percent to $33.2 billion from $32.6 billion.

According to FactSet, analysts on average were expecting revenue of $33.1 billion.

Explore further: EBay 4Q earnings, revenue up 13 percent

not rated yet
add to favorites email to friend print save as pdf

Related Stories

EBay 4Q earnings, revenue up 13 percent

Jan 22, 2014

EBay is reporting higher earnings and revenue for the last three months of 2013, driven by a strong holiday season for its e-commerce site and PayPal.

Comcast gains video subs in 4Q

Jan 28, 2014

Comcast added 43,000 video subscribers in the fourth quarter—the first quarterly gain in six and a half years—as uptake of its X1 set-top box helped it retain customers and boost video-on-demand spending.

IBM posts higher 4Q net income (Update)

Jan 21, 2014

IBM's fourth-quarter net income grew 6 percent, surpassing Wall Street's expectations even though revenue fell. Its shares fell in extended trading after the results came out—and CEO Ginni Rometty said she's recommending ...

Texas Instruments 3Q profit drops, outlook weak

Oct 21, 2013

Chipmaker Texas Instruments Inc. said Monday that its net income fell 20 percent in the third quarter. Its outlook for the current period was worse than analysts expected, and shares slipped.

Recommended for you

'Interview' ordeal at Sony just its latest crisis

2 hours ago

How do you say "damage control" in Japanese? Sony Corp. is sealed within a hermetic cone of silence as executives try to prevent the slow motion train wreck at Sony Pictures from damaging the rest of the ...

Underfire Uber ramps up rider safety

18 hours ago

Uber is ramping up driver background checks and other security measures worldwide after the smartphone-focused car-sharing service was banned in New Delhi following the alleged rape of a passenger.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.