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AT&T Inc. Q1 adjusted earnings Beat Estimates

AT&T Inc. (T) released earnings for its first quarter that advanced from the same period last year.

The company's profit totaled $7.5 billion, or $1.04 per share. This compares with $4.6 billion, or $0.63 per share, in last year's first quarter.

Analysts had expected the company to earn $0.78 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.7% to $43.94 billion from $42.78 billion last year.

AT&T Inc. earnings at a glance:

-EPS (Q1): $0.86 vs. $0.84 last year.
-Analysts Estimate: $0.78
-Revenue (Q1): $43.94 Bln vs. $42.78 Bln last year.

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