AT&T quarterly profit rises, helped by tax cuts


NEW YORK (Reuters) – ATT Inc (T.N) said on Wednesday that quarterly profit rose, helped by tax cuts and subscriber additions.

Net income attributable to ATT 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.

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

Reporting by Anjali Athavaley; Editing by Matthew Lewis

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