AT&T Turns To Profit In Q4 - Quick Facts

(RTTNews) - AT&T Inc. (T) Tuesday reported fourth-quarter net income attributable to the company of $6.9 billion or $1.31 per share, compared to net loss of $3.9 billion or $0.68 per share last year.

Excluding items, adjusted earnings for the quarter were $0.53 per share, compared with $0.44 per share a year ago. On average, 27 analysts polled by Thomson Reuters estimated earnings of $0.50 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter were $33.16 billion, up 1.8 percent from $32.58 billion in the prior year. Twenty-three analysts had a consensus revenue estimate of $33.06 billion.

In 2014, AT&T expects continued consolidated revenue growth in the 2 to 3 percent range, including strength in wireless service and wireline consumer revenues. The company also expects stable consolidated margins with continued improvement in wireless margins helping offset Project VIP pressure in wireline. Adjusted earnings per share growth is expected to be in the mid-single digit range excluding any impact from future share buybacks.