1/26, 12:30 PM (Source: TeleTrader)
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Chart for: AT&T Inc

AT&T's Q4 revenue falls by 10.4% to $41 billion

AT&T Inc. announced on Wednesday that its revenue in the fourth quarter of the fiscal year 2021 saw an annual decline of 10.4% to land at $41.0 billion, slightly above market expectations. The company's net income came in at $5.0 billion, improving from the net loss of $13.9 billion reported in the same period the year before. Meanwhile, its diluted earnings per share (EPS) stood at $0.69 per share, ameliorating in comparison to the losses of $1.95 recorded in 2020's fourth trimester.

"We ended 2021 the way we started it – by growing our customer relationships, running our operations more effectively and efficiently, and sharpening our focus. Our momentum is strong and we're confident there is more opportunity to continue to grow our customer base and drive costs from the business," AT&T's Chief Executive Officer (CEO) John Stankey commented.

Following the release of the report, the company's shares went up by 0.91% in premarket trading.

Baha Breaking the News (BBN) / JR