2024-01-25 14:21:49 ET
Summary
- AT&T Inc.'s financial results for Q4 2023 exceeded revenue forecasts and showed strong cash flows, but earnings per share fell short of expectations.
- The company's key growth areas, such as the Mobility unit and Connected Devices, performed well, with increased subscribers and revenue.
- Despite concerns about weak earnings guidance for 2024, AT&T's low share price and strong cash flow make it an attractive investment with significant upside potential.
To me, one of the most attractive companies on the market for some time now has been telecommunications giant AT&T Inc. ( T ). On January 24th, before the market opened, the management team at the conglomerate announced financial results covering the final quarter of the 2023 fiscal year. Even more important than that, however, was the guidance that the business set for 2024....
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Discount AT&T At Your Own Peril