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.
In Wednesday pre-market trade, T was trading at $29.07, down $0.64 or 2.15 percent.
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