AT&T Trails T-Mobile On Subscriber Growth, Swings To Profit

Amid a very loud pricing war with T-Mobile and worries about the future health of iPhone sales,  narrowly beat 2013 fourth-quarter estimates to report earnings of 53 cents a share on sales of $33.2 billion on Tuesday, ahead of the 50 cents EPS expected by analysts polled by Factset. Investors can thank AT&T’s adjustments to its annual benefit plan, which drove profits. Last year AT&T reported a $3.9 billion loss due to an actuarial charge.