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AT&T revenue misses Street expectations Add to ...

AT&T Inc posted quarterly revenue that was below Wall Street expectations, as subscriber growth fell slightly short of estimates.

The No. 2 U.S. mobile provider said Thursday that it added 319,000 subscribers in the quarter, compared with the average expectation for almost 422,000 from six analysts whose estimates ranged from 300,000 to 800,000.

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The operator, which is looking for regulatory approval to buy T-Mobile USA, posted a profit of $3.6-billion (U.S.), or 61 cents per share, compared with a profit of $12.32-billion or $2.07 per share in the same quarter the year before, when it had a big gain from an asset sale. Operating revenue fell to $31.48-billion from $31.58-billion. Analysts had expected revenue of $31.60-billion, according to Thomson Reuters I/B/E/S.

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