AT&T Q4 Adj. Profit Meets Estimate

(RTTNews) - AT&T Inc. (T) reported a net loss for the fourth quarter of $4.0 billion or $0.77 per share, compared to net income of $6.9 billion or $1.31 per share for the year-ago quarter.

Adjusting for $0.94 from the non-cash actuarial loss on benefit plans, $0.25 non-cash write-off of certain network assets, and $0.13 for merger and integration-related expenses, the loss on the sale of Connecticut wireline operations, and other asset impairments, adjusted earnings per share for the fourth quarter was $0.55, compared to $0.53 in the prior year quarter.

Consolidated revenues for the fourth quarter rose 3.8% to $34.44 billion from $33.16 billion a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.55 per share on revenue of $34.26 billion for the fourth quarter. Analysts' estimates typically exclude special items.

On a business-as-usual basis without the impact of DIRECTV and the Mexico wireless properties, AT&T expects to deliver continued consolidated revenue growth and adjusted EPS growth in the low single-digit range in 2015.