AT&T Q4 revenue at $45.7B, down by 2.3% YoY

AT&T Inc. revealed on Wednesday its consolidated revenue in the fourth quarter of 2020 landed at $45.7 billion, down by 2.3% in comparison to the same period last year. The company’s diluted losses per share stood at $01.95, worsening from last year’s earnings per share (EPS) of $0.33. Meanwhile, its net loss attributable to common stock came in at $13.9 billion, declining from net income of $2.4 billion in 2019.

Throughout the entire 2020, AT&T’s consolidated revenue was $171.8 billion, decreasing by 5.18% compared to $181.2 billion recorded in 2019. Its net loss attributable to common stock was landed at $5.4 billion, or $0.7 per common share, worsening from $13.9 billion net income and $1.89 diluted EPS reported last year.

“We ended the year with strong momentum in our market focus areas of broadband connectivity and software-based entertainment,” AT&T Chief Executive Officer (CEO) John Stankey said. “By investing in our high-quality wireless customer base, we had our best full-year of postpaid phone net adds in a decade and our second lowest postpaid phone churn ever.”

After the release of the report, AT&T’s shares sank by 2.59% in premarket trading.



Breaking the News / JR



Source link

About the author: admin Academy

admin

Alcuni articoli sono qui aggregati per darti un'informazione continua e costante, pertanto, sotto ognuno di essi troverai la fonte: entra nel sito di riferimento per avere ulteriori news ed informazioni sull'economia mondiale, ti sarà utile. Ti aspetto nell'Academy!

Get involved!

Fai trading in gruppo!
L'unica Academy di trading completamente gratuita per gli utenti FpMarkets

Comments

Ancora nessun commento