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AT&T, Bracing For Government Fight, Beats Q4 Estimates As DirecTV Grows

AT&T, which is about six weeks away from an epic clash with antitrust regulators, reported fourth-quarter results today that exceeded Wall Street expectations. Total revenue for the period came in at $41.7B, ahead of the Thomson Reuters consensus estimate of $41.19B. Adjusted earnings per share of 78 cents blew past the estimate of 65 cents. DirecTV Now, the skinny-bundle TV service launched in late 2016, added 368,000 subscribers in the quarter to reach 1.
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