AT&T; Earned $1.4 Billion in ’84

American Telephone & Telegraph Co. said today that it earned almost $1.4 billion, or $1.25 a share, in 1984, its first year of operations after giving up its telephone companies. But its chairman said, “We expected to do better.”

In November, 1983, before the breakup of the Bell System, the company had projected a profit of $2.1 billion for 1984. “We expected to do better,” said Charles L. Brown, AT&T;’s chairman. “We intend to do better in 1985 and better still in the years ahead.”