AT&T Earns $1.1 Billion, Adds 2.8 Million Wireless Subscribers (T)

Dallas, Texas-based AT&T Inc. T released financial results on Thursday morning. AT&T Inc announced that its 4th quarter net income fell to $1.1 billion, or 18 cents per share, down from $2.7 billion, or 46 cents per share, a year earlier. Excluding special items, the company reported earnings of 55 cents per share. AT&T Inc reported revenue of $31.36 billion, up 2.1% from $30.71 a year earlier. According to a poll of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 54 cents per share, on revenue of $31.47 billion. The company reported a net gain of 2.8 million wireless subscribers, reaching a total of 95.5 million subscribers. AT&T Inc. (T) finished the previous trading day at $28.73 per share. The consensus price target of analysts covering the company's stock is $31.32 per share. Read more from Benzinga's Company news.