AT&T Q4 2023 GAAP EPS $0.30 Misses $0.55 Estimate
Portfolio Pulse from Benzinga Newsdesk
AT&T (NYSE:T) reported Q4 2023 earnings per share (EPS) of $0.30, missing the consensus estimate of $0.55 by 45.45%. However, the company's quarterly sales of $32.02 billion exceeded expectations of $31.48 billion by 1.74% and marked a 2.17% increase from the same period last year.
January 24, 2024 | 11:31 am
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NEGATIVE IMPACT
AT&T's Q4 EPS significantly missed estimates, which could negatively impact investor sentiment and the stock price in the short term. However, higher sales figures may offset some of the negative impact.
Earnings misses typically lead to negative investor sentiment and can cause a stock's price to drop. Although the sales beat might provide some cushion, the significant miss in EPS is likely to have a more substantial impact in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100