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At&t Profit Beats Street, Raises Full-Year Forecast


Ron Burgundy
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An AT&T Logo is pictured on the side of a building in PasadenaAT&T Inc , the No. 2 U.S. wireless carrier and the world's largest pay-TV operator, raised its 2015 earnings forecast as quarterly earnings beat expectations on cost cuts and gains in wireless and DirecTV subscribers. AT&T shares rose 1.7 percent in after-hours trading on Thursday. Reporting results for the first time since closing its $48.5 billion purchase of satellite TV operator DirecTV in July, AT&T lifted its adjusted earnings forecast to $2.68 to $2.74 per share from $2.62 to $2.68.




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