This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

AT&T Guides Below Street, Stock Dips

NEW YORK ( TheStreet) -- AT&T (T - Get Report) met fourth-quarter targets, but guided below analysts' estimates for 2011.

Ma Bell posted adjusted earnings of 55 cents a share, up 10 percent from the 50 cent mark in the year-ago quarter, and a penny better than expected.

Sales for the fourth quarter were $31.4 billion, a 2% increase over year-ago levels and just slightly below the $31.5 billion analysts had been looking for.
AT&T

"We had another strong quarter and a solid year," CEO Randall Stephenson said in a press release Thursday.

Showing the beginnings of what is expected to be a slowdown in wireless subscriber growth as rival Verizon starts selling the Apple (AAPL - Get Report) iPhone next month, AT&T says it added 400,000 post-paid mobile phone subscribers in the fourth quarter. That compares with 745,000 post-paid customers added in the third quarter.

Offsetting that slightly, AT&T says it did add 442,000 iPad and Google (GOOG - Get Report) Android tablet customers to its prepaid roster in the quarter.

Looking ahead at the full year, AT&T says it expects earnings to growth in the "mid-single digit or better range." Analysts were looking for 9% or better earnings growth this year.

AT&T shares fell 98 cents, or 3.4%, to $27.75 in premarket trading Thursday.

--Written by Scott Moritz in New York.

>To contact this writer, click here: Scott Moritz, or email: scott.moritz@thestreet.com.

To follow Scott on Twitter, go to http://twitter.com/TheStreet_Tech.

>To send a tip, email: tips@thestreet.com.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AAPL $126.60 0.94%
GOOG $521.84 0.26%
T $35.57 0.14%
VZ $47.00 0.84%
FB $86.91 1.34%

Markets

DOW 17,757.91 +138.40 0.79%
S&P 500 2,077.42 +14.31 0.69%
NASDAQ 5,013.1230 +26.2560 0.53%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs