Investing.com - AT&T (NYSE:T) reported third quarter earnings that beat analysts' expectations on Monday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.94 on revenue of $44.59B. Analysts polled by Investing.com expected EPS of $0.93 on revenue of $45.11B. That compared to EPS of $0.9 on revenue of $45.74B in the same period a year earlier. The company had reported EPS of $0.89 on revenue of $44.96B in the previous quarter.
For the year, AT&T shares are up 29.33%, outperforming the S&P 500 which is up 22.03% year to date.
AT&T follows other major Services sector earnings this month
On Thursday, Amazon.com reported third quarter EPS of $4.23 on revenue of $69.98B, compared to forecasts of EPS of $4.61 on revenue of $68.83B.
Visa A earnings beat analyst's expectations on Thursday, with fourth quarter EPS of $1.47 on revenue of $6.14B. Investing.com analysts expected EPS of $1.43 on revenue of $6.08B
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