AT&T Inc. shares T, +0.06% slid 2% in premarket trade Wednesday, after the media and telecoms giant missed revenue estimates for the first quarter. The company, which completed the acquisition of Time Warner Inc. last June, said it had net income of $4.1 billion, or 56 cents a share, in the quarter, down from $4.7 billion, or 75 cents a share, in the year-earlier quarter. Adjusted per-share earnings came to 86 cents, matching the FactSet consensus. Revenue rose 17.8% to $44.
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