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AT&T Inc. Falls Over 1% Despite a Q2 Beat and Raise

Joey Solitro

AT&T Inc. (NYSE: T) is down over 1% in pre-market trading following the release of its second-quarter earnings results after the market closed yesterday. AT&T’s results surpassed analysts’ expectations of $38.6 billion in revenue and $0.87 in EPS, and the company noted that its performance could be attributed to many factors, including 3.8 million total net wireless adds and 219,000 total video net adds. Following its strong performance first half of 2018, AT&T raised its full-year outlook, calling for adjusted EPS at the high-end of its $3.50 range and free cash flow at the high-end of its $21 billion range.