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via finance.yahoo.comMarkets

AT&T (T) shares fall premarket after third-quarter results

FROM THE WIRE · FINANCE.YAHOO.COM

What happened? Shares of telecommunications conglomerate AT&T (NYSE:T) fell 6.6% in the pre-market session after the company reported third quarter results, with earnings per share below expectations while sales came in ahead of estimates. According to a company press release…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe drop reflects GAAP earnings far below consensus, despite revenue beating expectations.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Shares fell 6.6% in the pre-market session.
  2. 02Third-quarter revenue was $32.32 billion, up 5.3% year on year.
  3. 03A non-cash write-down on the Mexico unit weighed on diluted earnings.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
AT&T Inc.TStock21.91 USDMarket closedtoday -6.45%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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