Investing.com – AT&T reported on Wednesday fourth quarter that beat analysts’ forecasts and revenue that fell short of expectations.
AT&T announced earnings per share of $0.89 on revenue of $46.82B. Analysts polled by Investing.com anticipated EPS of $0.88 on revenue of $46.95B. That with comparison to EPS of $0.86 on revenue of $48.04B in the same period a year before. AT&T had reported EPS of $0.94 on revenue of $44.59B in the previous quarter. Analysts are expecting EPS of $0.88 and revenue of $44.81B in the upcoming quarter.
AT&T shares are down 1% from the beginning of the year and are trading at $38.58 , still down 2.82% from its 52 week high of $39.70 set on November 18, 2019. They are under-performing the S&P 500 which is up 0.95% year to date.
AT&T follows other major Services sector earnings this month
AT&T’s report follows an earnings beat by Comcast on January 23, who reported EPS of $0.79 on revenue of $28.4B, compared to forecasts EPS of $0.77 on revenue of $28.17B.
Netflix had beat expectations on January 21 with fourth quarter EPS of $1.3 on revenue of $5.47B, compared to forecast for EPS of $0.52 on revenue of $5.45B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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