AT&T Inc. T just released its fourth quarter fiscal 2017 financial results, posting adjusted earnings of 78 cents per share and revenues of $41.7 billion. Currently, T is a Zacks Rank #3 (Hold), and is up 2.8% to $38.50 per share in trading shortly after its earnings report was released.
Beat earnings estimates. The telecom giant posted adjusted earnings of 78 cents per share, soaring past the Zacks Consensus Estimate of 65 cents per share. Net income attributable to AT&T was $19 billion for the quarter.
Beat revenue estimates. The company saw consolidated revenue figures of $41.7 billion, just beating our consensus estimate of $41.19 billion.
AT&T reported 4.1 million total wireless net adds, with 2.7 million in the U.S. (this was driven by connected devices, postpaid phones and prepaid) and 1.3 million in Mexico.
Thanks to the passage of the tax reform bill, the company announced over $200 million in bonuses paid to frontline employees, as well as a $1 billion incremental capital investment in 2018.
Looking at fiscal 2018, AT&T expects adjusted EPS in the $3.50 range, and free cash flow of about $21 billion.
AT&T Inc. Price, Consensus and EPS Surprise
AT&T Inc. is a premier telecom company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the U.S. and around the world. Among their offerings are the world's most advanced IP-based business communications services, the nation's fastest 3G network and the best wireless coverage worldwide, and the nation's leading high-speed Internet access and voice services.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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