AT&T swung to a profit in the fourth quarter as it deals with pressure from rival T-Mobile.
The Dallas telecommunications company posted a fourth-quarter profit of $6.9 billion, or $1.31 a share, compared with a year-earlier loss of $3.9 billion, or 68 cents a share. Excluding one-time items, including gains from its benefit plans, per-share earnings were 53 cents, AT&T said Tuesday.
Revenue rose 1.8 percent to $33.2 billion.
Analysts, on average, projected earnings of 50 cents a share and revenue of $33.1 billion, according to Thomson Reuters.
AT&… Read more