AT&T's Q4 Earnings Miss Expectations Despite Revenue Growth

Company's 2024 Profit Outlook Falls Short Amid Shift to New Technology

AT&T's Q4 earnings fell short of analyst expectations, with adjusted earnings of 54 cents per share, lower than the predicted 56 cents.
Despite the earnings miss, AT&T saw a 2.2% increase in revenue from the previous year, reaching $32 billion.
AT&T's 2024 profit outlook is below market expectations, largely due to the write-down of old equipment as the company shifts to new ORAN technology.
The company added 526,000 net monthly bill-paying wireless phone subscribers in Q4, exceeding expectations.
AT&T's shares dropped by 2.8% in early trading following the earnings announcement.