AT&T took a $10 billion hit, nevertheless it’s hoping you will not discover

AT&T took a $10 billion hit, but it's hoping you won't notice

In an additional-particular Friday-night time-earlier than-a-vacation-weekend information dump, AT&T simply introduced that its This fall outcomes will embrace about $10 billion in expenses. That features a $7.9 billion “associated to actuarial positive aspects and losses on pension and postemployment profit plans”, plus a $2.1 billion cost for abandoning some copper strains it says it does not want anymore. In fact, you are in all probability already nicely into no matter your weekend plans are, so you will barely even discover this occurred when you get again to work on Tuesday — which is simply how AT&T hoped it will go.

[Image credit: shutterstock]

By way of: Reuters

Supply: AT&T

Extra Protection: Enterprise Insider

Tags: att, earnings, hdpostcross, loss, mobilepostcross, this fall, q42014

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