AT&T Stock Dips After Third Quarter Earnings Report
The company reported solid financials, but earnings missed estimates by $0.04 per share.
Last week, AT&T (NYSE: T) reported its first full quarter as the new owner of Time Warner. Overall, the third quarter was solid with growth in revenue and earnings, but stock dipped after the financials were initially released on October 24. AT&T reported consolidated revenue for the third quarter of 2018 of $45.7 billion, a 15.3 percent increase over the same period last year. The increase is primarily due to the company’s acquisition of Time Warner.
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