AT&T Q2 Profit Tops Estimate

(RTTNews) - AT&T Inc. (T) reported net income for the second quarter of $3.0 billion or $0.58 per share, compared to $3.5 billion or $0.68 per share for the year-ago quarter.

Adjusting for $0.05 of Leap network decommissioning, $0.03 of wireless integration expenses and $0.03 of DIRECTV and Mexico merger and integration-related expenses, adjusted earnings per share for the second quarter was $0.69, compared to $0.62 in the prior year quarter.

Revenues for the second quarter rose 1.4% to $33.02 billion from $32.58 billion a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.63 per share on revenue of $33.04 billion for the second quarter. Analysts' estimates typically exclude special items.