AT&T tops 2Q profit expectations
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.