AT&T Stock Fell After Its Q4 Release Today -- Time to Buy This High-Yield, Passive Income Machine Hand Over Fist?

AT (NYSE: T) stock lost ground in Wednesday's daily trading. The telecom company's share price closed out the session down 3%, according to data from S&P Global Market Intelligence.

AT published fourth-quarter results before the market opened this morning, delivering mixed top- and bottom-line results. The company's revenue grew 2.2% year over year to hit $32.02 billion and beat the Wall Street target by $560 million. On the other hand, non-GAAP (generally accepted accounting principles) adjusted earnings per share of $0.54 in the period fell short of the market's call for per-share earnings of $0.56.

Additionally, the company's guidance for adjusted per-share earnings between $2.15 per share and $2.25 per share this year came in significantly lower than the average analyst estimate's call for per-share earnings of $2.47.

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Source Fool.com