Dallas-based AT&T Inc. on Thursday posted net income of $1.09 billion, or 18 cents per share, for the October to December period. That was down 60 percent from $2.8 billion, or 46 cents per share, in the same period of 2009. Excluding items, earnings were 55 cents per share, a penny above the average estimate of analysts polled by FactSet.
Revenue was $31.4 billion, up 2.1 percent from a year ago. It matched analyst expectations.