AT&T tops 2Q profit ex­pec­ta­tions

Cape Breton Post - - BUSINESS EXTRA -

DAL­LAS (AP) - AT&T Inc. ( T) on Thurs­day re­ported sec­ond-quar­ter profit of $3.04 bil­lion. On a per-share ba­sis, the Dal­las­based com­pany said it had 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.

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