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AT&T Stock Soars After Beating Q4 Earnings, Dividend Support


Updated at 9:40 a.m. EST

AT&T Corporation (t) – Get a free report announced better-than-expected fourth-quarter earnings with its short-term outlook muted on Wednesday, adding that it plans to pay down debt as a priority after meeting its dividend payments.

AT&T said adjusted earnings for the three months ended December were pegged at 61 cents per share, up 9% year over year and just ahead of the Street consensus forecast of 57 cents per share.

AT&T said that a $25 billion loss charge, related to soaring interest rates last year, pushed the group into an operating loss of $23.1 billion.

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