Ron Burgundy Posted January 28, 2015 Share Posted January 28, 2015 By Malathi Nayak SAN FRANCISCO (Reuters) - AT&T Inc on Tuesday posted a quarterly net loss that was slightly slimmer than Wall Street expected, as its mobile device deals attracted more customers, but its users switched to other networks at a higher rate. AT&T shares rose about 2 percent in after-hours trading after closing at $32.81 on the New York Stock Exchange. Excluding items, AT&T earned 55 cents per share, beating analysts' forecasts by a penny. Faced with intense competition and promotional activity, wireless carriers have moved from two-year contract plans to equipment financing plans, which reduce service fees and eliminate subsidies for devices. View the full article Quote Link to comment Share on other sites More sharing options...
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