shutterstock_99445067

AT&T Sees a Big $6.9B Profit

Comments Off on AT&T Sees a Big $6.9B Profit 4

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

View all contributions by Wahengbam Rorrkychand

Website: http://www.blog.tonsetelecom.com

Similar articles

Get in Touch

Phone: +91 80 4093 6921
Web: www.tonsetelecom.com

NewsLetter