Investing.com - AT&T (NYSE:T) reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
AT&T announced earnings per share of $0.83 on revenue of $40.95B. Analysts polled by Investing.com anticipated EPS of $0.79 on revenue of $41B.
AT&T shares are down 22% from the beginning of the year and are trading at $30.16 , down-from-52-week-high.They are under-performing the S&P 500 which is up 1.4% from the start of the year.
AT&T follows other major Services sector earnings this month
AT&T's report follows an earnings missed by Netflix on Thursday, July 16, 2020, who reported EPS of $1.59 on revenue of $6.15B, compared to forecasts EPS of $1.82 on revenue of $6.08B.
Prologis had beat expectations on Tuesday with second quarter EPS of $0.56 on revenue of $944.37M, compared to forecast for EPS of $0.47 on revenue of $893.01M.
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