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AT&T Inc. said its fourth-quarter results will include a pretax loss of $7.9-billion (U.S.) to account for changes in its pension and retiree benefit plans.
The results will also include a $2.1-billion noncash charge because certain copper assets are no longer needed as customer demand declines for older voice and data products, the Dallas– based company said in a regulatory filing today.
AT&T shares fell as much as 1.3 per cent to $33.37 after U.S. markets closed in New York. The company is scheduled to report earnings results on Jan. 27.