Despite the challenging macroeconomic environment, AT&T Inc.’s (T) EPS surpassed the consensus EPS estimate by 6.6% in the fourth quarter. However, its revenue missed analyst estimates by 0.1%.
Post its earnings release T’s CEO, John Stankey, said, “Our consistent go-to-market strategy and the simplicity of our offerings drove continued robust, high-quality wireless and fiber customer additions in the fourth quarter. Over the last ten quarters, we’ve demonstrated sustainable momentum in growing customer relationships, with 7.5 million postpaid phone net adds and 2.9 million AT&T Fiber net adds.”
