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AT&T reported second-quarter financial results on Wednesday that contained signs that the weak economy is catching up to its previously steady results. The nation’s largest telecommunications company has had its stock hammered in the last few months by the expectation that economic conditions are catching up to it. The latest results affirmed that — as the company slightly missed analyst revenue expectations and reported an accelerating loss of landline subscribers.

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AT&T Stock Gains Despite Revenue Miss, Landline Losses

AT&T reported second-quarter financial results on Wednesday that contained signs that the weak economy is catching up to its previously steady results. The nation’s largest telecommunications company has had its stock hammered in the last few months by the expectation that economic conditions are catching up to it. The latest results affirmed that — as the company slightly missed analyst revenue expectations and reported an accelerating loss of landline subscribers.

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AT&T Stock Gains Despite Revenue Miss, Landline Losses

AT&T reported second-quarter financial results on Wednesday that contained signs that the weak economy is catching up to its previously steady results. The nation’s largest telecommunications company has had its stock hammered in the last few months by the expectation that economic conditions are catching up to it. The latest results affirmed that — as the company slightly missed analyst revenue expectations and reported an accelerating loss of landline subscribers.

See original here:
AT&T Stock Gains Despite Revenue Miss, Landline Losses