AT&T Shares Slip As Revenue Falls Short Of Wall Street's Estimates

By Markets MarketWatch Pulse

Shares of AT&T Inc. slipped in Tuesday's extended session after the telecommunications giant reported revenue that fell short of analysts' expectations. Fourth-quarter earnings swung to a profit of $4 billion, or 65 cents a share, from a loss of $4 billion, or 77 cents a share, in the same quarter a year ago. Excluding items, AT&T would have earned 63 cents a share. Revenue climbed 22% to $42.1 billion, mostly due to its purchase of DirecTV. Analysts surveyed by FactSet had forecast earnings of 63 cents a share on revenue of $42.72 billion. The company also said it added net 2.8 million wireless subscribers during the quarter. AT&T shares fell 0.8% in after-hours trading.

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