AT&T Stock Rises as Q4 Profit Soars | Global News Avenue

American telephone telegram company (timeAfter this telecommunications giant announced the fourth quarter of the expected performance, the stock price rose in the trading price before the trading on Monday.

The company’s net profit announced by 70%year -on -year to $ 4.41 billion, that is, 56 cents per share, with revenue of $ 32.3 billion. Analysts of the Visible Alpha survey expect that the profit is US $ 3.38 billion, that is, 46 cents per share, and the revenue is 3207 billion US dollars, which is generally the same.

CEO John Stanki said: “The strong performance of this quarter is the result of our team’s hard work and continuous implementation, which makes us prepare for the new growth era.”

The company also stated that it is expected that the service income will increase at a low number of digits in 2025, and the adjustment is adjusted Dividement and depreciation and amortization of profits Growing at least 3%.

After the report was released on Monday, AT & T’s stock price rose nearly 2%immediately. As of the closing of Friday, the stock has increased by more than 30%in the past 12 months.

AT & T’s competitors Verizon Communications (Viz. Friday exceeds the fourth quarter expectationsAnd T-Mobile (TMUS) The results are scheduled to report on Wednesday morning.