AT&T Q4 Sales $32.02B Beat $31.48B Estimate
Portfolio Pulse from Benzinga Newsdesk
AT&T (NYSE:T) reported Q4 sales of $32.02 billion, surpassing the analyst consensus estimate of $31.48 billion by 1.74% and marking a 2.17% increase from $31.34 billion in the same period last year.
January 24, 2024 | 11:29 am
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POSITIVE IMPACT
AT&T's Q4 sales exceeded analyst estimates and showed year-over-year growth, indicating a positive performance that could lead to a favorable short-term market reaction.
Beating sales estimates typically generates positive sentiment among investors, which can lead to an increase in stock price. The reported year-over-year growth further strengthens the case for a potential positive short-term impact on AT&T's stock.
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