I’m a big fan of at&t stock and after looking over their 4Q 2006 report I feel even stronger about this stock!
AT&T Posts Strong Fourth-Quarter Earnings Growth, Reaffirms Outlook for Double-Digit Growth in Adjusted Earnings Per Share
- $0.50 Reported Earnings Per Diluted Share, Up 8.7 Percent Versus Year-Earlier Fourth Quarter
- $0.61 Earnings Per Diluted Share Before Merger-Related Costs, Up 27.1 Percent Versus Comparable Results in Fourth Quarter of 2005
- 2.4 Million Net Wireless Subscriber Gain with Stable Churn, Wireless Service Revenues Up 13.1 Percent, Wireless Data Revenues Up 68.6 Percent
- Regional Business Revenues Up 7.5 Percent Versus Pro Forma Results for the Year-Earlier Quarter, Continued Double-Digit Percentage Growth in Regional Small/Medium Business Revenues
- Further Enterprise Progress Led by Solid Demand in Data Transport and Strong Double-Digit Growth in IP Data Revenues
- Outlook Reaffirmed for Continued Double-Digit Adjusted Earnings Per Share Growth with Growing Free Cash Flow After Dividends in 2007 and 2008; Expected Bellsouth Merger Synergies Revised Upward, Estimated Net Present Value Increased from Approximately $18 Billion to Approximately $22 Billion
Note: AT&T’S Fourth-Quarter Earnings Conference Call Will be Broadcast Live Via the Internet at 10 A.M. ET on Thursday, Jan. 25, 2007, at www.att.com/investor.relations.
San Antonio, Texas, January 25, 2007
AT&T Inc. (NYSE: T) today reported strong fourth-quarter earnings growth led by record subscriber gains in wireless, continued solid regional wireline growth, improved enterprise trends, and merger integration initiatives that continue to generate cost savings ahead of original targets.
AT&T’s reported earnings per diluted share were $0.50, up 8.7 percent versus the year-earlier fourth quarter. Before merger-related costs, earnings per diluted share were $0.61, up 27.1 percent versus comparable adjusted results in the fourth quarter of 2005. This marked AT&T’s seventh consecutive quarter of double-digit growth in adjusted earnings per share.
“Our execution continues to be solid, we closed the year strong, and AT&T has excellent momentum heading into 2007,” said Edward E. Whitacre Jr., AT&T chairman and chief executive officer.
"Wireless had a standout quarter," Whitacre added. "Enterprise revenue trends continue to improve. Our regional wireline operations extended their record of revenue growth in both consumer and business. And merger integration initiatives continue to run on or ahead of our original plan.
“In addition to these operational achievements, I am very pleased to have completed our acquisition of BellSouth," Whitacre said. "BellSouth brings terrific markets, an outstanding network and talented personnel, and our outlook for the combination is stronger now than when we announced the transaction last March.
"Today, AT&T has full ownership of the nation’s No.1 wireless provider along with the industry’s premier assets in business services, broadband and directory," Whitacre continued. "We also have substantial opportunities to improve our cost structure as we integrate operations. I am tremendously excited about the potential we have to grow our business and deliver value to shareowners."