AT&T Gains 2% In After Hours After Earnings Beat

AT&T Inc. on Tuesday reported fourth-quarter adjusted earnings of 55 cents a share versus 53 cents in the same period a year ago. Analysts were expecting the company to make 54 cents a share. Sales rose to $34.4 billion from $33 billion a year earlier. Analysts polled by FactSet had expected sales of $34.3 billion. AT&T said it had added more than 2 million new wireless and wireline high-speed broadband connections in the fourth quarter. The company last week said it was buying Nextel Mexico for about $2 billion in a bid to expand its presence in Latin America. That acquisition plus the acquisition of Iusacell "will make us a very different company," AT&T Chief Executive Randall Stephenson said in a statement. Shares of AT&T rose 2% in after hours, after ending down 0.9% in the regular session. Shares are off 2.3% so far this month.