Investing.com - AT&T (NYSE:T) reported third quarter earnings that missed analyst's expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $0.65 on revenue of $45.7B. Analysts polled by Investing.com expected EPS of $0.93 on revenue of $45.33B. That compared to EPS of $0.74 on revenue of $39.67B in the same period a year earlier. The company had reported EPS of $0.91 on revenue of $38.99B in the previous quarter.
For the year, AT&T shares are down 15.46%, under-performing the S&P 500 which is up 2.12% year to date.
AT&T follows other major Services sector earnings this month
On Tuesday, Verizon (NYSE:VZ) reported third quarter EPS of $1.22 on revenue of $32.61B, compared to forecasts of EPS of $1.19 on revenue of $32.49B.
Netflix (NASDAQ:NFLX) earnings beat analyst's expectations on Tuesday, October 16, 2018, with third quarter EPS of $0.89 on revenue of $4B. Investing.com analysts expected EPS of $0.68 on revenue of $4B
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