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AT&T Posts Q4 Loss; But Results Beat Estimates

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

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.

Both quarterly adjusted earnings per share and revenue beat analysts' expectations.

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