AT&T misses Wall Street profit estimate, shares fall

AT&T misses Wall Street profit estimate, shares fall

6 years ago
Anonymous $oIHRkISgaL

https://www.cnbc.com/2018/10/24/att-earnings-q3-2018.html

AT&T posted a surprise gain in U.S. wireless subscribers on Wednesday but quarterly profit rose less than expected, held back by its declining satellite TV business, sending its shares down more than 3 percent before the bell.

The second-largest U.S. wireless carrier has been reducing its dependency on the phone business with its $85-billion acquisition of Time Warner this year, but is struggling to grow in the TV market as viewers ditch satellite and cable for cheaper online packages.

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