Battered AT&T Reports Sharp Profit Drop

AT&T Corp. (T ) posted $0.26 vs. $0.53 Q4 EPS from operations as its acquisition of MediaOne and the impact of Excite@Home offset a 3% revenue rise. AT&T sees $0.04-$0.07 Q1 EPS from operations and $0.17-$0.20 Q1 cash EPS.

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