AT&T Stock Rises as Q4 Profit Soars

AT&T (T) shares rose in premarket trading Monday after the telecommunications giant reported better-than-expected fourth-quarter results. The company reported net income that jumped 70% year-over-year to $4.41 billion, or 56 cents per share, on revenue of $32.3 billion. Analysts polled by Visible Alpha expected profit of $3.38 billion, or 46 cents per share, on roughly flat revenue of $32.07 billion. "The strong results this quarter are the result of a four-plus-year period of hard work and consistent exec ...