AT&T Turns To Profit In Q4; Guides FY22 Below Estimates - Quick Facts

Telecom giant AT&T, Inc. (T) reported on Wednesday a net income attributable to common stock for the fourth quarter of $4.99 billion or $0.69 per share, compared to a net loss of $13.94 billion or $1.95 per share in the prior-year quarter.

Excluding other items, adjusted earnings was $0.78 per share, compared to $0.75 per share in the year-ago quarter.

Total operating revenues for the quarter declined 10.4 percent to $40.96 billion from $45.69 billion in the same quarter last year.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.76 per share on revenues of $40.43 billion for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2022, including WarnerMedia and Xandr, the company now projects adjusted earnings in a range of $3.10 to $3.15 per share on consolidated revenue growth in the low-single digits range, with revenue contribution for WarnerMedia and Xandr in the $37 billion to $39 billion range.

The Street is looking for earnings of $3.21 per share on a revenue decline of 6.1 percent to $158.1 billion for the year.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Chinese e-commerce giant Alibaba Group Holdings Ltd. (BABA) reported Thursday a net loss for the fourth quarter that sharply widened from last year, despite 9 percent growth in revenues, hurt by a decreases in the market prices of our equity investments in publicly-traded companies. Omni-channel fashion retailer Macy's, Inc. (M) reported Thursday a first-quarter net income of $286 million or $0.98 per share, sharply higher than $103 million or $0.32 per share in the prior-year quarter. Excluding items, adjusted net income for the quarter was $315 million or $1.08 per share, compared... Richmond, Utah-based Casper's Ice Cream is recalling its 56 ounce tubs of "Red Button Vintage Creamery Canadian Vanilla Ice Cream" due to undeclared allergen, the U.S. Food and Drug Administration said. According to the agency, a limited number of the product were mispackaged with Burnt Almond Fudge Ice Cream containing undeclared almonds.
Follow RTT