AT&T - News

Ticker Symbol: ATT

AT&T News – Past

On January 28th, AT&T reported a 24% decrease in Q4 profits. Net income dropped to $2.4 billion, or $0.41/share, down from $3.1 billion, or $0.51/share in the prior year period. Earnings decreased despite adding a 2.1 million subscribers in the quarter, well above the 1.9 million average forecasted by analysts. Revenues climbed 2.4% to $31.3 billion, in line with estimates.

AT&T announced 12,000 job cuts in late 2008, responding to expansive weakness in global economies.

AT&T News – Upcoming

Despite a plethora of public companies slashing dividends to bolster cash reserves, AT&T recently upped its payout. AT&T investors will be keeping a watchful eye on subscriber growth and earnings drivers to see if the dividend hike was an attempt to artificially boost shareholders sentiment or a reflection of relatively solid balance sheets.

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