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AT&T's Q4-2023 non-GAAP earnings per share missed estimates by 2 cents, but revenues exceeded estimates by over $0.5 billion.
The company achieved higher-than-expected full-year free cash flow of $16.8 billion and reduced short-term obligations.
2024 guidance was a tad lighter in a couple of spots but the company is delivering where it matters most.
On our last coverage of AT&T ( T ) we made a bull case for the company, while turning slightly sour on tower REITs that depend on the company's capex cycle. Specifically we said,...