AT&T Raises Earnings Forecast After Profit Tops Estimates
- Tablet promotions helped offset weaker monthly subscriber adds
- Satellite operator DirecTV gained users in the U.S. in Q3
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AT&T Inc. boosted its 2015 earnings outlook and posted profit that exceeded analysts’ estimates, using tablet promotions to win wireless subscribers while also adding DirecTV satellite-TV customers.
The company revised its 2015 earnings forecast to $2.68 to $2.74 a share, topping the $2.64 average of analysts’ estimates compiled by Bloomberg. Earnings excluding some items were 74 cents a share last quarter, Dallas-based AT&T said Thursday in a statement. Analysts anticipated 69 cents.