Company Of The Day: AT&T
AT&T (NYSE:T) posted a stronger than expected set of Q4 2021 results last week. While revenues came in at $41.0 billion, down 10% year-over-year, they grew by about 4% adjusted for the divestment of the company’s pay TV operations. Adjusted EPS stood at $0.78.
All the company’s major businesses, including wireless, fiber broadband, and streaming are growing. The company added 3.2 million postpaid wireless subscribers for the full year.
However, AT&T stock hasn’t done too well, remaining roughly flat year-to-date at about $25 per share, due to the company’s big recent divestments, the ongoing streamlining of its operations, and its upcoming dividend reduction.
See Our Complete Analysis For AT&T
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|S&P 500 Return||-7%||-7%||98%|
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 Month-to-date and year-to-date as of 1/30/2022
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