Shares of AT&T ended the day flat after Q4 earnings were roughly in line with the street’s expectations.
The company announced Q4 adjusted earnings of 66 cents per share on revenue of $41.8 billion, which was slightly lower than the year-earlier revenue of $42.1 billion. Analysts were expecting earnings of 66 cents per share on revenue of $42.04 billion.
The brightest spot in the report was that AT&T added 200,000 paid subscribers to it DirectTV streaming entertainment service during Q4, which brings the total number of subscribers to just over 21 million.
Shares of AT&T have been trading in a pennant formation over the last 12 months with resistance in the $43.00 area and support in the $36.00 area. Shares closed today at $41.30.