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AT&T reverses its losses and earns $14.4 billion in 2023

In the fourth quarter, the most followed by Wall Street analysts, the company had profits of 2,188 million dollars , compared to the losses of 23,517 recorded in that section of 2022, but its income increased by 2.2% , to 32,022 million , in the fourth quarter,

The company’s accumulated turnover in 2023 increased by 1.4% and stood at 22,428 million.

Objectives achieved

AT& CEO John Stankey indicates that during 2023 they achieved their objectives : “(The company) generated sustainable growth and consistent business performance,” according to a statement published this Wednesday.

“As we advance our leadership , we will continue to expand our best-in-class 5G and fiber networks to meet growing customer demand and drive lasting growth for shareholders,” details Stankey.

However, the company’s adjusted earnings outlook for 2024 fell short of Wall Street analysts’ expectations .

Following the release of the results, AT&T shares were down 2.50% before the stock market opened .

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