“AT&T reported quarterly earnings Thursday that fell just short of analysts’ predictions, while revenues edged slightly past expectations.
The telecommunications company’s shares rose after the closing bell, following the news.
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Earnings excluding items rose to 44 cents per share from 42 cents a share in the year-earlier period.
Revenue improved to $32.58 billion from $32.50 billion a year ago.
Wall Street had expected AT&T to report earnings excluding items of 45 cents a share on $32.22 billion in revenue, according to Thomson Reuters consensus estimates.
As a carrier for the iPhone, AT&T’s fortunes are also tied to Apple, whose shares took a beating on Wednesday after announcing a revenue disappointment.”
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