Categories AlphaGraphs, Earnings, Technology

AT&T reports a 2% drop in revenue in Q4

AT&T (NYSE: T) reported fourth-quarter 2020 financial results before the regular market hours on Wednesday. The telecommunications giant reported fourth-quarter revenue of $45.7 billion, down 2% year-over-year, but above the Wall Street projection. Net income of $0.75 per share was also higher than what analysts had anticipated.

T shares fell over 2% immediately following the announcement. The stock has declined about 21% in the trailing 12 months.  

AT&T Q4 2020 earnings

Looking forward to listening to management / analyst comments on the results? Stay tuned here for AT&T Q4 earnings call transcript

CEO John Stankey said, “By investing in our high-quality wireless customer base, we had our best full-year of postpaid phone net adds in a decade and our second lowest postpaid phone churn ever. Our fiber broadband net adds passed the 1 million mark for the year.”

“And the release of Wonder Woman 1984 helped drive our domestic HBO Max and HBO subscribers to more than 41 million, a full two years faster than our initial forecast,” he added.

For 2021, the company said it expects consolidated revenue growth of about 1%, while adjusted EPS is projected to be on par with last year.

Prior performance

  • AT&T Reports Third Quarter 2020 Results
  • AT&T (T) Q2 2020 Earnings Infograph

Most Popular

Disney (DIS): A look at the major winning points for its streaming business

Shares of the Walt Disney Company (NYSE: DIS) have been rallying since the entertainment leader delivered strong results for its third quarter of 2022 a day ago. The stock was

KSS Stock: After terminating sale talks, what awaits Kohl’s this year

Kohl’s Corporation (NYSE: KSS) has been on investors' radar ever since the retailer put itself up for sale earlier this year, after coming under pressure from activist investors. Putting an

Walt Disney Company (DIS) Q3 revenues, earnings beat Street view

Entertainment behemoth The Walt Disney Company (NYSE: DIS) on Wednesday reported higher revenues and earnings for the third quarter of 2022. The results also topped expectations. Third-quarter revenues of the Los

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top