AT&T Adds More Smartphone Customers, Earnings In Line with Forecasts

Shares of AT&T Inc added more than 1% in after-hours trading, following the fourth-quarter earnings report that matched analysts’ estimates.

The No.2 U.S. wireless carrier said it earned $2.4 billion, or 39 cents a share, in the quarter, compared with 65 cents a year ago. Adjusted for one-time items, the telecom reported earnings of 66 cents a share, compared with 63 cents a share in the year-ago period.

The company recorded revenue of $41.8 billion in the quarter, saying that it added 2.8 million net wireless accounts last quarter, which send the total number of wireless accounts in 2016 to 9.5 million, regardless of stiff competition from smaller rivals T-Mobile U.S. Inc  and Sprint Corp.

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