The chickens came home to roost on Thursday when AT&T took a $4 billion charge for the failure of its attempt to acquire T-Mobile. While AT&T’s $32.5 billion in revenue beat estimates, and while the company reported 7.6 million iPhone activations — thanks to the iPhone 4S — it nevertheless suffered a fourth-quarter net loss of $6.68 billion, or $1.12 per share, compared with a profit of 18 cents per share a year earlier. Share prices fell a dollar, from $30.5 to $29.5 on the news.
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AT&T Tumbles Into a Ditch
Posted by: Rob Spiegel January 26, 2012 11:38 AMThe chickens came home to roost on Thursday when AT&T took a $4 billion charge for the failure of its attempt to acquire T-Mobile. While AT&T’s $32.5 billion in revenue beat estimates, and while the company reported 7.6 million iPhone activations — thanks to the iPhone 4S — it nevertheless suffered a fourth-quarter net loss of $6.68 billion, or $1.12 per share, compared with a profit of 18 cents per share a year earlier. Share prices fell a dollar, from $30.5 to $29.5 on the news.