T Stock: AT&T Earnings, Full-Year Free Cash Flow Top Estimates
AT&T (T) early Wednesday reported fourth-quarter earnings that topped estimates while revenue came in just below Wall Street targets. T stock rose as full-year free cash flow edged by the company’s own outlook.
Reported before the market open, AT&T earnings excluded WarnerMedia, spun off in early April 2022. The telecom giant said fourth-quarter adjusted earnings from continuing operations were 61 cents, up 9% from a year earlier. Revenue from continuing operations rose 0.8% to…