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AT&T results fall in Q2 as Covid-19 hits ad revenues, subscriber growth

2020-07-23 14:22:00| Telecompaper Headlines

(Telecompaper) AT&T reported a fall in second-quarter results, as the Covid-19 pandemic hurt advertising, pay-TV and roaming revenues at the company. Net earnings fell to USD 0.17 per share from USD 0.51 a year ago, including a goodwill writedown on its Vrio pay-TV business in Latin America (USD 0.29) and restructuring costs (USD 0.10), and adjusted earnings dropped to USD 0.83 from USD 0.89, including an estimated 9-cent impact from the pandemic. 

Tags: results fall growth hits

Category:Telecommunications

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