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AT&T: What Lies Beyond Flat Earnings?

Along with the flurry of new launches from smartphone manufacturers, the telecom operators are experiencing growth in terms of revenue. This eventually has a positive effect on their top line, but it is also making the competition fierce. ATT (T) is one such player in this highly competitive market that is not performing as per the investors’ and analysts’ expectations. In the third quarter of 2013, the company posted a profit increase of 4.9% year-over-year to $3.81 billion, but it is almost flat when compared to the profit of $3.80 billion in the previous quarter. ATT managed to add 1.2 million postpaid smartphone subscribers and sold 6.7 million smartphones, which is a record for the third quarter. This was one of the driving factors for growth in profit, but this is also flat in comparison to the 1.2 million smartphone subscribers it added

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