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AT&T stock gains after adjusted profit matched expectations, but revenue beat – MarketWatch

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Shares of AT&T Inc.
T,
-0.14%
rose 1.5% in premarket trading Thursday, after the telecommunications and media giant reported a third-quarter adjusted profit that matched expectations, while revenue fell less than forecasts. Net income fell to $2.76 billion, or 39 cents a share, from $3.70 billion, or 50 cents a share, in the year-ago period. The FactSet consensus for net earnings per share was 51 cents. Excluding non-recurring items, adjusted EPS of 76 cents matched the FactSet consensus. Total…

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