BUSINESS MUCH BETTER FOR AT&T IN 1994.(BUSINESS)

Byline: Associated Press -

NEW YORK AT&T Corp. earned $1.34 billion in the fourth quarter and said Tuesday that it had recovered long-distance market share for the first time since being forced apart in 1984.

For the three months ended Dec. 31, AT&T earned $1.34 billion, or 85 cents a share, up from $776 million, or 50 cents a share, a year earlier. 1993 results were restated to include the performance of McCaw Cellular Communications, which AT&T acquired for $11.5 billion in September.

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