AT&T quarterly profit rises, helped by tax cuts

Reuters News
Posted: Jan 31, 2018 4:16 PM

NEW YORK (Reuters) - AT&T Inc said on Wednesday that quarterly profit rose, helped by tax cuts and subscriber additions.

Net income attributable to AT&T was $19.0 billion, or $3.08 per share, in the fourth quarter ended Dec. 31, up from $2.4 billion, or 39 cents a share, in the year earlier period.

AT&T also said it added 329,000 phone subscribers who pay a monthly bill in the quarter.

(Reporting by Anjali Athavaley; Editing by Matthew Lewis)