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AT&T Earnings Beat, Revenue Misses In Q3 -Breaking

by Mike Robinson

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AT&T Earnings Beat, Revenue Misses In Q3

Investing.com – AT&T reported on Thursday third quarter that beat analysts’ forecasts and revenue that fell short of expectations.

AT&T announced earnings per share of $0.87 on revenue of $39.92B. Investing.com polled analysts to predict EPS of $0.7839 based on $41.67B in revenue.

AT&T shares are down 9% from the beginning of the year, still down 23.52% from its 52 week high of $33.88 set on May 17. They are under-performing the S&P 500 which is up 20.77% from the start of the year.

AT&T follows other major Services sector earnings this month

AT&T’s report follows an earnings beat by Netflix on Tuesday, who reported EPS of $3.19 on revenue of $7.48B, compared to forecasts EPS of $2.57 on revenue of $7.48B.

Verizon beat all expectations Wednesday, posting a third quarter EPS (EPS) of $1.41 on $32.9B in revenue. This compares to the forecast of EPS (1.36 per cent on $33.32B revenue).

You can keep up to date on the latest earnings reports at www.investors.com Investing.com’s earnings calendar

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