AT&T Shares Skid as Revenue Disappoints

CNBC

AT&T (NYSE:T) reported a decline in revenue that was below market expectations on Tuesday.

After the earnings announcement, the company's shares slid in extended-hours trading. (Click here for the latest after-hours quotes.) (NYSE:T)

The mobile-service provider posted first-quarter earnings excluding items of 64 cents a share, up from 60 cents a share in the year-earlier period.

Revenue decreased to $31.36 billion from $31.82 billion a year ago.

Analysts had expected AT&T to report earnings excluding items of 64 cents a share on $31.75 billion in revenue, according to a consensus estimate from Thomson Reuters.

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