AT&T Inc. (T) has posted impressive third-quarter 2021 results, which surpassed analysts’ expectations on the back of customer growth in wireless, fiber and HBO Max. The telecommunications company has also updated its guidance for 2021. Adjusted earnings increased 14.5% year-over-year to $0.87 per share, beating the Street's estimates of $0.79 per share. Revenues slipped 5.7% year-over-year to $39.9 billion but surpassed expectations of $39.1 billion. The results reflected the impact of the separation of the U.S. video business, other divested businesses, and reduction in Business Wireline revenues. These declines were partly mitigated by a rise in Mobility and WarnerMedia revenues. Segment-wise, on a year-over-year basis, Communications reported a 3.
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AT&T (NYSE:T)
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