Tech
AT&T Gets Wireless Boost, Apple iPad
Away from all the iPad brouhaha, AT&T posted fourth-quarter wireline revenue of $16.2 billion, down 5.3% on the prior year's quarter.
For the full year, AT&T posted revenue of $123 billion, down slightly from $124 billion in fiscal 2008 but in line with analysts' forecast of $123.3 billion. In a statement released before market open, AT&T forecast "stable-to-improved" earnings in 2010. The company's total 2010 capital expenditures are expected to be between $18 billion and $19 billion. Analysts surveyed by Thomson Reuters have forecast first-quarter earnings of 54 cents a share and revenue of $30.75 billion. Shares of AT&T rose 14 cents, or 0.55%, to $25.76 in early trading on Thursday, despite a broader dip in tech stocks that saw the Nasdaq fall 1.67%. -- Reported by James Rogers in New YorkFollow James Rogers on Twitter and become a fan of TheStreet.com on Facebook.
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
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| 12,393.45 | 1,310.33 | 2,827.34 | 15.81 |
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