AT&T Raises Annual Profit Forecast
AT&T raised its annual profit forecast after reporting third quarter revenue and profit that beat estimates. Strong demand for bundled internet and wireless plans helped drive growth and customer retention.
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AT&T INC raised its annual adjusted profit forecast after reporting third-quarter revenue and profit that beat estimates, driven by high-speed broadband and wireless bundle demand. The upgrade comes as the telecom operator navigates intensifying competition across the United States. For investors, the bundling strategy is proving effective at reducing customer churn in a saturated market.
