AT&T Q4 Earnings Decline Amid $10B Buyback Announcement
AT&T Inc. shares dipped 1.92% to $23.00 after reporting mixed fourth-quarter results. While revenues ROSE 3.6% to $33.5 billion, net income fell to $3.8 billion from $4.0 billion year-over-year. The telecom giant announced a new $10 billion share repurchase program, signaling confidence in its financial position.
Mobility and fiber broadband segments showed robust subscriber growth, driving revenue increases. Adjusted earnings per share of $0.52 surpassed the prior year's $0.43, though GAAP earnings declined. Operating margins improved to 17.3%, reflecting cost management efforts amid competitive market conditions.