DALLAS (AP) _ AT&T Inc. (T) on Wednesday reported fourth-quarter earnings of $2.39 billion.

On a per-share basis, the Dallas-based company said it had profit of 33 cents. Earnings, adjusted for asset impairment costs and amortization costs, were 89 cents per share.

The results beat Wall Street expectations. The average estimate of 19 analysts surveyed by Zacks Investment Research was for earnings of 88 cents per share.

The telecommunications company posted revenue of $46.82 billion in the period, which fell short of Street forecasts. Seventeen analysts surveyed by Zacks expected $46.9 billion.

For the year, the company reported profit of $13.9 billion, or $1.89 per share. Revenue was reported as $181.19 billion.

AT&T shares have fallen 1% since the beginning of the year, while the Standard & Poor's 500 index has climbed slightly more than 1%. The stock has risen 26% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on T at https://www.zacks.com/ap/T

Automated Insights, source Associated Press News