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AT&T shares up nearly 3 percent after earnings beat

AT&T reported earnings that beat analysts' expectations Tuesday after the bell.

Here's how the company did compared to what Wall Street expected:

  • EPS: 79 cents vs. 73 cents, according to Thomson Reuters
  • Revenue: $39.84 billion vs. $39.79 billion, according to Thomson Reuters
  • Wireless net adds: 2.8 million vs. 1.08 million, according to StreetAccount

Revenue was slightly down from the year-ago quarter, at $39.8 billion compared with $40.5 billion. EPS was up this year to 79 cents from 72 cents in the year-earlier quarter.

AT&T's stock was up nearly 3 percent after the announcement.

"Once again our team delivered expanded consolidated margins and, as a result, grew adjusted earnings per share by nearly 10% as we executed well against our business priorities," CEO Randall Stephenson said in a statement.

Postpaid churn rates, or the percentage of subscribers that cancels their service, was 1.01 percent for the quarter. The total was lower, therefore better, than Wall Street's expectation of 1.19 percent, according...