AT&T Inc., (NYSE: T) reported Thursday that it second-quarter profit dropped 10% to $3.59 billion, or 60 cents a share, from $4 billion, or 67 cents, in the year-ago quarter. On an adjusted basis, the company earned 60 cents a share in the latest quarter. Revenue rose to $31.5 billion from $30.83 billion. Analysts, on average, expected earnings of 60 cents a share on revenue of $31.31 billion.
"We delivered another strong quarter capping a solid first half of the year," said Randall Stephenson, AT&T chairman and chief executive officer. "Mobile broadband growth continues to be robust, and we are seeing encouraging signs in wireline revenues. This adds to our confidence as we look ahead.
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