AT&T Sees a Big $6.9B Profit

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By- Devindra Hardawar

For the first time in the past two years, AT&T actually has a profit for its fourth quarter.

The carrier today announced a healthy profit of $6.9 billion on $33.2 billion in revenues — a far cry from the huge $3.9 billion loss it saw last year and the $6.7 billion loss from two years ago (when the T-Mobile acquisition fell through). Analysts expected revenues of around $33.1 billion, according to Reuters.

But even with the good news, AT&T’s investors likely aren’t too pleased by Verizon’s even better quarterly earnings: a $7.9 billion profit. ORIGINAL POST AT VENTURE BEAT

Wahengbam Rorrkychand

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