AT&T Q4 profit rises on subscriber additions, tax cut boost

An AT&T logo and communication equipment is shown on a building in downtown Los Angeles, California October 29, 2014. , REUTERS/Mike Blake

Reuters

Jan 31, 2018

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AT&T Inc (T.N) said on Wednesday that quarterly profit rose, helped by tax cuts and subscriber additions.

Net income attributable to AT&T was US$19 billion, or US$3.08 per share, in the fourth quarter ended Dec. 31, up from US$2.4 billion, or 39 cents a share, in the year earlier period.

AT&T also said it added 329,000 phone subscribers who pay a monthly bill in the quarter.