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AT&T adjusted profit meets estimates, TV subscribers drop

Signage for an AT&T store is seen in New York October 29, 2014.

The No. 2 U.S. wireless carrier AT&T Inc (T.N) reported adjusted profit in line with estimates on Thursday, as it signed up new wireless subscribers but saw a drop in pay-TV customers.

The Dallas-based company's shares, which have gained as much as 24 percent so far this year, were down 1.2 percent in extended trading after closing at $42.52.

Excluding items, the company earned 72 cents per share in the second quarter ended June 30 - in line with the average analyst estimate, according to Thomson Reuters I/B/E/S.

AT&T said it added 1.4 million new wireless subscribers, including 257,000 postpaid customers, or those who pay monthly bills.

However, its total video subscribers were down 49,000 in the quarter. It added 342,000 DIRECTV subscribers, but lost...