Company news: AT&T (T) posts mixed quarterly results

AT&T (T) reported Q4 FY2023 earnings of $0.54 per share (versus $0.61 per share in Q4 FY2022), missing analysts’ consensus estimate of $0.57 per share.

The company’s quarterly revenues amounted to $32.000 bln (+2.2% y/y), beating analysts’ consensus estimate of $31.440 bln.

The company also issued downside FY2024 EPS guidance of $2.15-2.25 versus analysts’ consensus estimate of $2.46.

T fell to $16.80 (-2.27%) in pre-market trading.