AT&T Q4 2023 Adj EPS $0.54 Misses $0.56 Estimate
Portfolio Pulse from Benzinga Newsdesk
AT&T (NYSE:T) reported Q4 2023 earnings per share (EPS) of $0.54, missing the consensus estimate of $0.56 by 3.57%. 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 | 11:35 am
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NEUTRAL IMPACT
AT&T's Q4 earnings missed EPS estimates but surpassed revenue forecasts, indicating mixed financial performance.
The EPS miss may concern investors about profitability, potentially putting downward pressure on the stock. However, the revenue beat and year-over-year sales growth could offset this by suggesting healthy demand for AT&T's services. The mixed results lead to a neutral short-term impact score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100