REUTERS - AT&T Inc said it expects to record a non-cash, pre-tax gain of about $7.6 billion in the fourth quarter from its pensions and post-employment benefit plans.
The gain will not affect its operating results or margins in the quarter ended December 31, the company said in a regulatory filing. (http://link.reuters.com/jeh36v)
AT&T said the gain included asset gains, which were about $3.2 billion above its assumed rate of return of 7.75 percent.
The company said it expects to record a charge of about $500 million related to employee termination and other employee-related charges.
AT&T is scheduled to report fourth-quarter results on Jan 28.
AT&T shares were flat in trading after the bell. They closed at $33.34 on the New York Stock Exchange on Wednesday.
(Reporting by Chandni Doulatramani in Bangalore; Editing by Savio D'Souza)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app