AT&T Reports Strong Q4 Earnings

In a recent announcement, AT&T Inc. revealed a 0.9% year-on-year increase in its fourth-quarter revenue for fiscal 2024, reaching an impressive $32.3 billion. This figure not only highlights the company's robust performance but also exceeds analysts' expectations, signaling a positive outlook for the telecommunications giant.

Net Income and EPS See Significant Growth

The company's financial health was further underscored by a net income of $4.4 billion, a substantial leap from the $2.1 billion reported in the same quarter of the previous year. Earnings per diluted share (EPS) also saw a notable rise to $0.56, up from $0.30 in the fourth quarter of 2023, reflecting the company's efficient management and operational excellence.

Looking Ahead: AT&T's Strategic Plans for 2025

John Stankey, AT&T's CEO, expressed optimism about the company's trajectory, stating, "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." This forward-looking statement not only reassures stakeholders but also sets a promising tone for the company's future endeavors.

Following the earnings report, AT&T's stock experienced a 1.50% increase during premarket hours, trading at $22.72 at 6:45 am ET, a testament to the market's positive reception of the company's financial achievements.