Investing.com – AT&T reported on Wednesday fourth quarter that beat analysts’ forecasts and revenue that topped expectations.
AT&T announced earnings per share of $0.75 on revenue of $45.69B. Analysts polled by Investing.com anticipated EPS of $0.7282 on revenue of $44.52B.
AT&T shares are up 3% from the beginning of the year, still down 23.36% from its 52 week high of $38.82 set on February 11, 2020. They are outperforming the S&P 500 which is up 2.49% from the start of the year.
AT&T follows other major Services sector earnings this month
AT&T’s report follows an earnings missed by Netflix on January 19, who reported EPS of $1.19 on revenue of $6.64B, compared to forecasts EPS of $1.36 on revenue of $6.62B.
Verizon had beat expectations on Tuesday with fourth quarter EPS of $1.21 on revenue of $34.69B, compared to forecast for EPS of $1.17 on revenue of $34.49B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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