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AT&T: shares down after earnings miss.

(CercleFinance.com) - On Tuesday evening AT&T posted quarterly results that were below the consensus as the company is closing the acquisition of Time Warner.

The US mobile service provider posted Q3 net income of 3 billion dollars, or 49 cents per share, compared with 3.3 billion dollars, or 54 cents per share in the equivalent quarter last year.

Revenue fell from 40.9 billion dollars to 39.7 billion dollars.

In a research report sent to clients, UBS analysts said AT&T's financials were "light," with operating income missing the consensus, with declines across all segments (wireless, entertainment, business solutions and international).

AT&T shares were down 2.8% at 33.9 dollars in early morning trading after these figures.

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