DALLAS — AT&T Inc. (T) on Tuesday reported a fourth-quarter loss of $3.98 billion, after reporting a profit in the same period a year earlier.
On a per-share basis, the Dallas-based company said it had a loss of 77 cents. Earnings, adjusted for non-recurring costs, came to 55 cents per share.
The results met Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of 55 cents per share.
The telecommunications company posted revenue of $34.44 billion in the period, exceeding Street forecasts. Analysts expected $34.26 billion, according to Zacks.
AT&T shares have fallen 2 percent since the beginning of the year, while the Standard & Poor's 500 index has declined slightly more than 1 percent. In the final minutes of trading on Tuesday, shares hit $32.86, a decline of roughly 2 percent in the last 12 months.
Keywords: AT&T, Earnings Report, Priority Earnings
All content copyright ©2015 Daily Journal, a division of Home News Enterprises unless otherwise noted.