AT&T Inc. presented results of the fourth quarter that exceeded the forecasts of Wall Street, With an increase in mobile telephony and internet clients by fiber better than expected, promoted by seasonal promotions and combined products offers.
The operator, based in Dallas, obtained revenues of US $ 32.3 billion in the period, 1% more than last year and slightly above Wall Street estimates. He also registered 482,000 new subscribers per month, above the 442,000 scheduled by analysts. AT&T shares rose 6.3%, up to US $ 24.14 at the close in New York, its highest level since May 2021.
“More and more customers choose AT&T and stay with it“The CEO John Stankey said on Monday in a call with investors.
The reports of both AT&T and Verizon Communications INC, which published better results than expected last week, show that both telephone companies are progressing in key areas: mobile, fiber and fixed wireless service, A rapidly growing domestic internet service that uses new 5G networks. T-Mobile US INC, the third large wireless operator, presents results on January 29.
AT&T said that adjusted profits totaled 54 cents per share, without changes for a year, but above the estimates of 50 cents analysts. The company added 307,000 clients to its Internet service per fiber optic, above the expectations of analysts of 266,000, since the business recovered from a strike in the third quarter.
Stankey highlighted the role that the company’s copper network will play in the company in The savings that inhabited technology will be at the end of this year, whose operation costs 6,000 million dollars a year.
The company has received permission from the Federal Communications Commission to replace the fixed copper lines with wireless domestic phones in some areas, and AT&T will ask for the regulator’s blessing in the coming months to stop selling inherited products in approximately a quarter of your service area.
The Financial Director of AT&T, Pascal Disroches, declared that the increase of new fiber and domestic mobile telephony “compensated” compensated by “ Losses derived from the decrease in fixed copper telephony service in the fourth quarter.
On an investor day held in December, AT&T predicted sustained growth in the next three years, with two -digit percentage earnings in 2027. The company reiterated its forecast of benefits by 2025 between US $ 1.97 and US $ 2.07, excluding some elements. That figure was US $ 1.95 per share in 2024.
The shared forecast in December excluded the property of AT&T from the DirecTV satellite television service. The company expects to complete The sale of that business in the first half of 2025, returning to its roots as a telecommunications provider. AT&T shares rose 36% last year.
