AT&T Inc. (T) Dips After Earnings Beat, Miss On Other Key Metric

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AT&T Inc. (T) Dips After Earnings Beat, Miss On Other Key Metric
By AT&T [Public domain], via Wikimedia Commons

AT&T Inc. (NYSE:T) released its fourth quarter earnings report, posting some decent overall results, but it wasn’t enough for Wall Street. The company reported December quarter earnings of 53 cents per share, excluding items. That’s compared to 44 cents per share in the same quarter a year ago. Including items, net income was $1.31 per share. AT&T said revenue rose from $32.61 billion last year to $33.16 billion this year.

Analysts had been expecting the company to report earnings excluding items of 50 cents per share on $33.06 billion in revenue. But in spite of the earnings beat, shares of AT&T Inc. (NYSE:T) declined nearly 2% in after-hours trading, possibly because the company missed on a key metric. It reported a net increase of 809,000 total wireless subscribers during the quarter—far short of the 1.25 million analysts had been expecting, according to CNBC.

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