AT&T Sales Miss Estimates on Slowing IPhone, Pay-TV Demand
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AT&T Inc., the second-largest U.S. wireless carrier, reported third-quarter sales that missed analysts’ estimates as customers waited for this month’s newest iPhone and pay-TV subscriber gains slowed.
Sales fell 0.3 percent to $31.5 billion, AT&T said today in a statement. Analysts predicted $31.6 billion, the average of estimates compiled by Bloomberg. Earnings, excluding some items, rose to 61 cents a share, matching the average estimate.