Stock Groups

AT&T Earnings, Revenue Beat in Q4 -Breaking

by Mike Robinson

[ad_1]

© Reuters. AT&T Earnings, Revenue Beat in Q4

Investing.com – AT&T reported on Wednesday fourth quarter that beat analysts’ forecasts and revenue that topped expectations.

AT&T announced earnings per share of $0.78 on revenue of $40.96B. Investing.com polled analysts to predict EPS at $0.7606 on revenues of $40.32B.

AT&T shares are up 7% from the beginning of the year, still down 21.84% from its 52 week high of $33.88 set on May 17, 2021. They are outperforming the S&P 500 which is down 8.6% from the start of the year.

AT&T follows other major Communication Services sector earnings this month

AT&T’s report follows an earnings beat by Verizon on Tuesday, who reported EPS of $1.31 on revenue of $34.1B, compared to forecasts EPS of $1.29 on revenue of $33.93B.

Netflix beat all expectations with fourth quarter earnings per share of $1.33 on $7.71B in revenue, as compared to $0.8328 forecast on $7.71B revenue.

You can keep up to date on the latest earnings reports at www.investors.com Investing.com’s earnings calendar

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.

[ad_2]