AT&T Q3 Profit Down, Revenues Rise - Quick Facts

(RTTNews) - Telecom giant AT&T, Inc. (T) reported Thursday that its third-quarter net income attributable to common stock fell 42.4 percent to $3.44 billion from last year's $5.98 billion.

Earnings per share were $0.48, down 40 percent from prior year's $0.80.

On average, 18 analysts polled by Thomson Reuters expected earnings of $0.62 per share for the quarter. Analysts' estimates typically exclude special items.

Total operating revenues, however, grew 1 percent to $30.35 billion from last year's $30.04 billion. The Street was looking for revenues of $30.19 billion for the quarter.

In pre-market activity on the NYSE, the shares were trading at $14.65, up 2.30 percent.

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