Earnings Preview: AT&T to report 4Q results

AT&T Inc. reports its fourth-quarter results on Wednesday. The following is a summary of key developments and analyst opinion related to the period.As the largest telecommunications company in the country, AT&T has been something of a haven in a dismal economy. But its stock is down 24 percent from a year ago, compared with a 37 percent decline for the S&P 500.AT&T’s wireless unit has kept posting healthy growth, helped in particular by the July release of Apple’s second-generation iPhone. Analysts expect that growth to have slowed down in the fourth quarter, even though AT&T did launch another high-profile smart phone, the BlackBerry Bold, in November.Paradoxically, fewer iPhone sales help the company in the short term, because AT&T subsidizes each unit by hundreds of dollars, which it then recoups through service fees. AT&T is the exclusive U.S. carrier for the iPhone.

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