AT&T Inc. announced on Monday that its revenue in the fourth quarter of its fiscal 2024 advanced by 0.9% year-on-year to $32.3 billion, exceeding analysts' expectations.
The company's net income reached $4.4 billion in the reported quarter, increasing from the $2.1 billion reported in the same quarter of the previous year. The earnings per diluted share (EPS) was $0.56 per share, rising from $0.30 per share in the fourth quarter of 2023.
"We ended 2024 with strong momentum. Customers and shareholders can look forward to receiving even more value in 2025 as we expand the country's largest fiber network, modernize our wireless network, grow our business and begin share repurchases in the second half of the year," the company's CEO John Stankey said.
AT&T's stock climbed by 1.50% during premarket hours and sold for $22.72 at 6:45 am ET after the release of the earnings report.
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