DALLAS (AP) — DALLAS (AP) — AT&T Inc. (T) on Wednesday reported fourth-quarter net income of $3.79 billion.
The Dallas-based company said it had profit of 53 cents per share. Earnings, adjusted for non-recurring gains, came to 52 cents per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share.
The telecommunications company posted revenue of $33.47 billion in the period, which also topped Street forecasts. Eight analysts surveyed by Zacks expected $32.73 billion.
AT&T expects full-year earnings in the range of $2.25 to $2.35 per share.
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