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AT&T Shares Fall More Than 4% After Results and Raised Guidance

AT&T reported third-quarter results, raised profit guidance and increased stock buybacks. Its shares fell more than 4% in premarket trading.

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AT&T shares dropped more than 4% in premarket trading Wednesday, despite the company reporting third-quarter results, raising its profit guidance and increasing stock buybacks. Revenue climbed 5.3% to $32.3 billion, topping…