NEW YORK (TheStreet) -- AT&T (T) - Get Report stock is down by 1.24% to $34.96 in after-hours trading on Tuesday, after the company reported lower than expected revenue for the 2015 fourth quarter. Earnings met analysts' estimates.
Revenue increased by 22% year-over-year to $42.12 billion, driven by the DirecTV acquisition, but missed estimates of $42.75 billion for the quarter.
The telecommunications company reported earnings of 63 cents per share for the quarter ended December 31, in line with estimates.
AT&T had 2.8 million wireless net additions, with 2.2 million new subscribers in the U.S. wireless categories.
The consumer mobility segment had 174,000 postpaid net additions during the last quarter of 2015, down from 288,000 for the same period in 2014.
The business mobility unit's postpaid net additions were about 353,000, compared with 566,000 new additions for the 2014 fourth quarter.
"We now have a unique set of capabilities that positions us for growth and also gives us a strategic advantage in providing consumers and businesses the integrated mobile, video and data solutions they want," CEO Randall Stephenson said in a statement. "Our DIRECTV integration is going well, and the customer response to our new integrated mobile and entertainment offers is strong."
Separately, AT&T has a "buy" rating and a letter grade of B- at TheStreet Ratings because the company's revenue growth, good cash flow from operations, expanding profit margins and solid stock price performance, which offsets somewhat disappointing return on equity.
You can view the full analysis from the report here: T
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