AT&T Shares Fall More Than 5% in Premarket Trading
Investors weighed AT&T’s higher annual profit outlook against spending needs and a slower path to its debt target. Third-quarter revenue rose 5.3% year over year to $32.3 billion, topping $31.69 billion.
AT&T (T) shares declined more than 5% in premarket trading Wednesday as investors assessed the telecom company’s raised annual profit outlook alongside its spending requirements and slower progress toward its debt target. Third-quarter revenue rose 5.3% year over year to $32.3 billion, above the $31.69 billion…