AT&T Hits Its Numbers, Thanks to Strong Wireless Growth


Telecommunications giant AT&T (T) did exactly what analysts were expecting when it reported fourth-quarter earnings on Friday morning of 51 cents per share, bolstered by strong wireless subscriber gains and wireless data revenue growth. That was in line with the Thomson/Reuters First Call EPS estimate of 51 cents, or a 26% increase over 2008's final quarter. AT&T's quarterly revenue was down 0.7% at $30.9 billion, versus the Thomson/Reuters First Call estimate of $30.86 billion.