Wednesday, January 27, 2021

AT&T Posts Q4 Loss; But Results Beat Estimates

AT&T Inc. (T) Wednesday reported a loss for its fourth-quarter compared to a profit in the prior year, due to non-cash asset impairments and impact of lower revenue. Quarterly revenues declined 2.4 percent, hurt by the COVID-19 pandemic across all segments. It expects annual adjusted earnings per share to be stable with last year, and revenue growth in the 1 percent range.

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