AT&T, Inc. (T) Tops Q4 EPS by 3c, Provides Outlook

January 28, 2014 4:05 PM EST
AT&T, Inc. (NYSE: T) reported Q4 EPS of $0.53, $0.03 better than the analyst estimate of $0.50. Revenue for the quarter came in at $33.16 billion versus the consensus estimate of $33.06 billion.

Outlook

AT&T is on track to deliver the financial targets laid out with Project VIP. It expects solid revenue and earnings per share growth with stable margins while returning substantial value to shareowners.

In 2014, AT&T expects continued consolidated revenue growth in the 2 to 3 percent range, including strength in wireless service and wireline consumer revenues. The company also expects stable consolidated margins with continued improvement in wireless margins helping offset Project VIP pressure in wireline. Adjusted earnings per share growth is expected to be in the mid-single digit range excluding any impact from future share buybacks.

AT&T expects capital expenditures in the $21 billion range. Free cash flow is expected to be in the $11 billion range.

2014 outlook assumes no lift from the economy and excludes adjustments such as non-cash mark-to-market benefit-plan adjustments. It also excludes any impact from the planned acquisition of Leap Wireless.

For earnings history and earnings-related data on AT&T, Inc. (T) click here.


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