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JAN 28, 2014 - MarketWatch

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AT&T swings to profit, helped by pension plan gain

SAN FRANCISCO (MarketWatch) -- AT&T Inc. , citing a one-time gain tied to its pension plan, reported after the close Tuesday fourth-quarter net income of $6.9 billion, or $1.31 a share, reversing a year-ago loss of $3.9 billion, or 68 cents a share. Adjusted to exclude one-time items, the company's earnings rose nearly 21% to 53 cents a share from 44 cents. Revenue for the three months ended Dec. 31 rose 1.8% to $33.16 billion from $32.58 billion. Analysts surveyed by FactSet had expected the telecommunications company to post adjusted earnings of 51 cents a share on $33.1 billion in ... Read More

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