Global telecommunications and media giant AT&T, Inc. (T) reported better-than-expected fourth-quarter results. However, despite beating analyst expectations on both the earnings and revenue fronts, shares fell 8.4% to close at $24.25 on January 26. Better-than-Expected Results AT&T’s Q4 adjusted earnings came in at $0.78 per share, up 4% year-over-year, and 2 cents better than analysts' estimates of $0.76 per share. Moreover, quarterly revenue stood at $40.96 billion, down 10.4% year-over-year, yet it exceeded Street estimates of $40.68 billion. The fall in consolidated revenue was mainly driven by business divestitures of U.S. video in Q3 and Vrio in Q4, coupled with lower Business Wireline revenue.
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