AT&T Inc. Reveals 4% Drop In Q3 Earnings

(RTTNews) - AT&T Inc. (T) revealed earnings for third quarter that declined compared to the same period last year.

The company said its bottom line declined to $2.99 billion, or $0.50 per share. This was lower than $3.13 billion, or $0.60 per share, in last year's third quarter.

The company said revenue for the quarter rose 18.6% to $39.09 billion. This was up from $32.96 billion last year.

AT&T Inc. earnings at a glance:

-Earnings (Q3): $2.99 Bln. vs. $3.13 Bln. last year. -Earnings Decline (Y-o-Y): -4.5% -EPS (Q3): $0.50 vs. $0.60 last year. -EPS Decline (Y-o-Y): -16.7% -Revenue (Q3): $39.09 Bln vs. $32.96 Bln last year. -Revenue Change (Y-o-Y): 18.6%

-Guidance: Full year EPS guidance: $2.68 - $2.74