AT&T Inc. (T) reported relatively healthy fourth-quarter 2023 results as solid wireless traction and customer additions was partially offset by lower demand for legacy voice and data services. The company recorded strong subscriber growth backed by a resilient business model and robust cash flow position driven by a diligent execution of operational plans.AT&T expects to continue investing in key areas of 5G and fiber and adjust its business according to the evolving market scenario to fuel long-term growth ...

Key TakeawaysAT&T's fourth quarter adjusted earnings of 54 cents a share missed analyst expectations.The wireless carrier saw revenue increase 2.2% from a year ago to a better-than-expected $32 billion.Total wireless net additions of 5.9 million were greater than analyst consensus of 5.4 million.AT&T (T) shares dropped 2.8% in early trading Wednesday after reporting fourth quarter earnings that missed analyst expectations, despite a revenue beat.The wireless carrier's adjusted earnings of 54 cents per dilut ...

For the quarter ended December 2023, AT&T (T) reported revenue of $32.02 billion, up 2.2% over the same period last year. EPS came in at $0.54, compared to $0.61 in the year-ago quarter.The reported revenue represents a surprise of +1.79% over the Zacks Consensus Estimate of $31.46 billion. With the consensus EPS estimate being $0.55, the EPS surprise was -1.82%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectation ...

About this content About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical ...

The Fiber Broadband Association recently unveiled the findings of its 2023 Fiber Deployment Cost Study, conducted by Cartesian. This study serves as a pivotal benchmark for fiber broadband service providers, offering insights into cost profiles and areas of inefficiency. The implications of this study extend beyond statistical figures, providing a roadmap for industry participants navigating the complex terrain of fiber deployment.Labor: A Dominant Cost FactorThe study underscores the significant role of la ...

AT&T Inc. celebrated a strong 2023 year financially with the release of their results this afternoon, with its best-ever full-year Mobility operating income, according to the company. The company said in a statement before markets opened on Wednesday in the United States that: AT&T Inc. (NYSE: T) delivered strong fourth-quarter and full-year results highlighted by profitable 5G and AT&T Fiber subscriber gains. As a result, the company posted strong operating income and cash from operations, and surpassed it ...

AT&T's multi-year, investment-led strategy delivers improved free cash flow as company attracts and retains profitable customersDALLAS, Jan. 24, 2024 /PRNewswire/ -- AT&T Inc. (NYSE: T) delivered strong fourth-quarter and full-year results highlighted by profitable 5G and AT&T Fiber subscriber gains. As a result, the company posted strong operating income and cash from operations, and surpassed its full-year guidance for adjusted EBITDA*, mobility service and broadband revenue growth as well as its previous ...

AT&T Inc. expects to see further improvements to free cash flow in the year ahead as its wireless and fiber businesses continue to grow.The telecom company on Wednesday reported $16.8 billion in free cash flow for last year, above its prior increased forecast of roughly $16.5 billion. Looking at 2024, AT&T T, +2.32% models $17 billion to $18 billion on the metric, whereas analysts were expecting $17.35 billion. Free cash flow is a key metric to AT&T investors given that it supports the company’s dividend, w ...

AT&T Quarterly Earnings   Analysts' Estimates for Q4 2023 (ex-one time items) Q3 2023Q4 2022  Revenue $31.4B $30.4B $31.3B Diluted EPS $0.56 $0.64 $0.61 Net Income $3.9B $4.6B $4.4BSource: Visible Alpha Key Metric Solid subscriber growth likely persisted for AT&T in the fourth quarter, but probably at its slowest rate since the company lost 5.2 million subscribers in the first quarter of 2022. The company likely added 5.4 million subscribers in the fourth quarter, according to analysts' estimates compile ...

AT&T (T 2.56%) stock is gaining in trading. The company's share price was up 2.3% as of 2:40 p.m. ET, according to data from S&P Global Market Intelligence.Verizon published its fourth-quarter earnings results before the market opened this morning, and its better-than-expected performance is also making investors more bullish about AT&T stock. While the two companies are rivals in the intensely competitive telecom industry, Wall Street's reaction points to expectations for positive trends that could benefit ...