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AT&T posts higher-than-expected 2nd-quarter earnings

AT&T Inc pulled back its outlook for business services this year, sending its shares down 3 percent despite its better than expected quarterly profit as it reduced costs from customer upgrades to smartphones such as the Apple Inc iPhone.

 

AT&T Earnings Rise 26%

AT&T reported a 26% increase in second-quarter earnings amid an investment gain, lower costs and fewer customer defections.

 

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