AT&T narrows Q4 loss to $3.9B, sells 8.6M iPhones
AT&T posted a narrower fourth-quarter loss, which was again weighed down by a change in the valuation of its employee pension plan.
Reporting results today, the company, however, added 780,000 contract subscribers in the period, and sold a record 10.2 million smartphones, of which 8.6 million were iPhones.
AT&T posted a loss of $3.9 billion, or 68 cents a share, compared with a loss of $6.7 billion, or $1.12 a share, in the same period a year ago. Excluding the pension issues, an adjustment for the sale of its advertising … Read more