“Guidance trumps earnings” is a commonly used phrase on Benzinga’s PreMarket Prep show. That is certainly the case with AT&T Inc. (NYSE:T) after its fourth-quarter report. The corresponding price action makes it the PreMarket Prep Stock Of The Day.
AT&T Finds A Bottom In December: Following its announcement of financial engineering last May, the issue went into a freefall. That instigated a seven-month losing streak that did come to an end until December at $22.02. That marked the lowest level for the issue since it bottomed during the financial crisis in October 2008 at $20.90.
