Key takeaways
- One that got dinged by Mr. Market was AT&T (T), which saw its share price erode by more than 14% largely due to these fears.
- After all, revenue rose by 5% year over year (to $32.3 billion), an impressive growth figure given that the company's business is relatively mature.
- Per-share net income not under generally accepted accounting principles (non-GAAP, or adjusted) also rose at a healthy rate, climbing to $0.65 from the year-ago profit of $0.54.
At some point, the current "big three" U.S. telecoms could become the "big four." This made investors jittery enough to dismiss AT&T's otherwise encouraging third-quarter results.
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