AT&T Beats Q2 Profit Forecasts
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DALLAS (AP) - AT&T Inc. has reported a second-quarter profit of $3.04 billion.
The Dallas-based company said Thursday that it had a per-share profit of 58 cents. Earnings, adjusted for costs related to mergers and acquisitions and non-recurring costs, came to 69 cents per share.
The results exceeded Wall Street expectations. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of 63 cents per share.
The telecommunications company posted revenue of $33.02 billion in the period, missing Street forecasts. Fourteen analysts surveyed by Zacks expected $33.09 billion.
AT&T shares have risen nearly 1 percent since the beginning of the year.
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