AT&T gains customers in 4Q, posts big loss

Published on NewsOK Modified: January 24, 2013 at 6:05 pm •  Published: January 24, 2013
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Excluding the pension adjustment and some of the cost of repairs from Superstorm Sandy, AT&T earned 44 cents per share, 2 cents short of the average analyst estimate as polled by FactSet.

Revenue was $32.6 billion, up a hair from $32.5 billion a year ago. It slightly exceeded analyst estimates of $32.2 billion.

For the full year, AT&T said it was looking at expanding revenue by more than 2 percent and earnings per share by a "high single-digit percentage." The revenue forecast was slightly higher than analysts expected.

AT&T shares fell 2 cents to $33.73 in extended trading, after the release of the results.

The Wall Street Journal reported last week that AT&T was considering the possible purchase of a European cellphone company to take advantage of depressed prices and perhaps boost results by bringing U.S. business formulas to the continent. On a conference call with analysts, CEO Randall Stephenson neither supported nor ruled out the idea, but suggested that the company is looking at other types of international ventures, like partnerships and roaming agreements. He also noted that the company is licensing its Digital Life home security and automation technology to European carriers.

For all of 2012, AT&T earned $7.3 billion, up 84 percent from $3.9 billion in 2011. Revenue rose 0.6 percent to $127.4 billion.