AT&T Raises Full-Year Profit Outlook as Third-Quarter Revenue Grows
AT&T raised its full-year profit outlook and reported continued revenue growth in the third quarter. Shares fell as much as 6% in morning trading amid disappointment over wireless-subscriber numbers and rising expenses.
Story updates
02:12:17 PM UTC
SquawkNews
What happened? Shares of telecommunications conglomerate AT&T NYSE:T fell 6.6% in the pre-market session after the company reported third quarter results, with earnings per share below expectations while sales came in ahead of estimates.According to a company press release, AT&T reported third-quar…
By Kelly CloonanAT&T boosted its full-year profit outlook and posted continued revenue growth in the third quarter, but shares fell as some on Wall Street were disappointed by its core wireless-subscriber numbers and rising expenses.AT&T's stock was down as much as 6% in morning trading before rebo…