- AT&T (NYSE:T) is up 3.9% after hours following an easy beat in its Q4 results despite revenues that dipped slightly, and the company set solid guidance for the coming year.
- Revenues fell to $41.7B from $41.8B mainly due to declines in legacy wireline services, wireless service revenues and domestic video. Operating expenses rose to $41.3B from $37.6B chiefly due to a network asset write-off and higher wireless equipment costs.
- It posted 4.1M total wireless net adds for the quarter (2.7M in U.S., driven by connected devices, postpaid phones and prepaid, and 1.3M in Mexico). In the U.S., it had 329,000 postpaid phone net adds with nearly 700,000 branded smartphones added to base, and postpaid phone churn was a Q4 best-ever 0.89%.
- The company logged 300,000 total video net adds (161,000 in U.S., 139,000 in Latin America).
- Revenue by segment: Business Solutions, $18.39B (up 2%); Entertainment Group, $12.75B (down 3.5%); Consumer Mobility, $8.27B (down 1.7%); International, $2.22B (up 16%).
- For 2018, it's guiding to EPS of about $3.50 (above consensus for $2.97), free cash flow of about $21B, and capex approaching $25B.
- Conference call to come at 4:30 p.m. ET.
- Press release
- Now read: AT&T: Big Tax Reform Benefits Won't Help
Original article