Investing.com - AT&T (NYSE:T) reported fourth quarter earnings that matched analysts' expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.86 on revenue of $47.99B. Analysts polled by Investing.com anticipated EPS of $0.86 on revenue of $48.5B. That compared to EPS of $0.78 on revenue of $41.68B in the same period a year earlier. The company had reported EPS of $0.9 on revenue of $45.74B in the previous quarter.
For the year, AT&T shares are up 7.57%, outperforming the S&P 500 which is up 6.98% year to date.
AT&T follows other major Services sector earnings this month
On Tuesday, Verizon reported fourth quarter EPS of $1.12 on revenue of $34.28B, compared to forecasts of EPS of $1.09 on revenue of $34.45B.
Comcast earnings beat analyst's expectations on Wednesday, January 23, 2019, with fourth quarter EPS of $0.64 on revenue of $27.85B. Investing.com analysts expected EPS of $0.62 on revenue of $27.57B
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