Shares of AT&T Inc. were rising in premarket trading Wednesday after the company swung to a loss upon taking restructuring charges, but beat earnings expectations on an adjusted basis and showed continued subscriber growth in its fourth quarter.
After adjustments for asset impairments and other items, AT&T T, +0.31% earned 61 cents a share from continuing operations, compared with the 56 cents a share in earnings that AT&T saw from continuing operations for its standalone business a year earlier. The standalone metric accounts for changes in AT&T’s business over the past year, namely its spinoff of the WarnerMedia business, which is now part of the new Warner Bros. Discovery Inc. WBD, -0.96%Revenue inched up to $31.
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