Boston, MA 01/29/2014 (wallstreetpr) – AT&T Inc. (NYSE:T) has reported EPS of 0.53 for its fourth quarter, where it beat estimates by $0.30, revenues were reported to be $33.16 billion, much higher than the estimated $100 million.
In terms of subscriber user base, the telecom carrier recorded 566k post paid additions which stood much higher than the 363k subscribers back in the third quarter. But the company saw a fall in the tablet net users base as it accounted only for 440k additional users over Verizon’s expansion to 1.6 million users for the same services in fourth quarter results reports. The main action line for AT&T was the wireless service, which reported substantial increase of 4.8% on the year on year increase. Another plus which is expected to augur good for AT&T Inc is the increase in the number of smartphone users. The increase was nearly 77%, and is expected to help further consolidate revenues in the wireless services earnings .
AT&T Inc. (NYSE:T) had previously been under the FCC scanner for its Sponsored Data program which allowed app developers and service providers to pay for consumers testing their wares. FCC has proposed a watch and mentor stance even as political pressure to bring in net neutrality for wireless category continues.
AT&T Inc. (NYSE:T) had recorded that it would keep $7.6billion as non-cash gain due to a change in the pension fund as well as some of the retirement benefit plans. The company has since introduced a voluntary retirement offer and has seen more than 4,200 workers accept it. This has meant that AT& T has to have over $500 million on hand for such retirees.
AT&T Inc. (NYSE:T) has also sought to liquidate some of its assets through sales. This includes the San Francisco complex sale to insurance company MetLife and Sunset Development for $250 million. However, it is expected to continue operations as a lessee of 1.8 million square foot of the property.
