For the last three months of 2023, AT&T reported adjusted EPS from continuing operations of $0.54, compared with $0.61 a year earlier, and free cash flow of $6.4 billion on revenues up 2.2% to $32 billion.

Buoyed by growth in 5G and fiber, the telecom operator thus claims annual performance ahead of its 2023 targets, with free cash flow up to 16.8 billion and a 4.4% rise in revenues from mobility services.

For the year ahead, AT&T forecasts adjusted EPS of $2.15 to $2.25, free cash flow in the range of $17 to $18 billion, and growth in adjusted EBITDA and wireless revenues of around 3%.

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