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AT&T Q2 revenue beats expectations, but TV woes continue



<p class = "canvas-atom teacher-text Mb (1.0 em) Mb (0) – sm Mt (0.8 em) – sm" type = "text" content = "AT & amp; T ( T ) announced its second quarter earnings Tuesday that topped analysts' estimates of revenue and performance expectations, as a lift in paid wireless subscribers partially offset continued losses in its premium TV unit. 22 "> AT&T (T) announced its second quarter earnings Tuesday that topped analysts' revenue estimates and met expectations of profits, as a lift in paid wireless subscribers partially offset persistent losses in its premium TV. p class = "canvas-atom canvas-text Mb (1
.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " The company reported & nbsp; 44 $ 9 billion in revenue versus consensus expectations of $ 44.7 billion. AT&T saw $ 39 billion in the same quarter last year. "Data-response time =" 23 "> The company reported $ 44.9 billion in revenue versus consensus expectations $ 44.7 billion. AT&T saw $ 39 billion in the same quarter last year.

Earnings per share came to adjusted 89 cents per share, in line with analysts' estimates. This was down from NOK 91 per share in the same quarter last year.

The stock, which closed at $ 32.09 on the New York Stock Exchange on Tuesday, crossed the lower in the pre-market hours.

AT & T's biggest issue is the continued loss of subscribers for their television offerings, as consumers continue to tap into high-level television for the benefit of streaming options.

During the second quarter, the company dropped 778,000 subscribers for its premium TV offers, including DirecTV and AT&T U -verse. There are far more than the 627,000 subscribers the company lost in the first quarter.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The losses are a result of promotional discounts lapsing and that consumers demched AT & amp; t's competing offerings services, spelling problems for the company when it comes to launching its & nbsp; HBO Max streaming service in 2020 . " data-response time = "28"> Losses are a result of promotional discounts lapse and consumers demched AT & T's competitive offer services. There are problems for the company when it comes to launching its HBO Max streaming service by 2020. However, AT & Ts's post-paid mobile subscribers increased by 72,000. The company's 5G wireless effort will be an important part of the overall strategy ahead .

The industry is still in the earliest stages of its 5G rollout, and the carrier capable of getting its network up and running the fastest with the least number of problems for consumers can end up being the new market leader.

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " More from Dan: "data response =" 31 "> More from Dan:

<p class =" canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm " type = "text" content = " Email Daniel Howley at dhowley@yahoofinance.com; follow him on Twitter at @DanielHowley . " data-reactid = "37"> Email Daniel Howley at dhowley@yahoofinance.com; Follow him on Twitter at @DanielHowley .

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