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AT&T Earnings Fail to Inspire Even as New Phone Subscribers Beat. The Stock Is Dropping.

AT&T reported fiscal fourth-quarter earnings below Wall Street expectations, but revenue came in above the consensus and the company added more customers than had been forecast. AT&T reported adjusted earnings of 54 cents a share, below analysts’ estimates of 56 cents a share and down from last year’s 61 cents a share. Revenue for the quarter of $32 billion was above Wall Street expectations of $31.46 billion and a slight increase from last year’s revenue of $31.34 billion.
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